Cboe files for SEC approval to list Solana ETFs, starts clock for required decision

Exchange operator Cboe Global Markets (CBOE.Z), filed a request with the U.S. Securities and Exchange Commission seeking to list exchange-traded funds (ETFs) tied to cryptocurrency Solana, requiring the agency to make a decision by March.

Under SEC rules, the agency has 240 calendar days to decide whether to approve or deny Cboe’s “19b-4” application to list the products from VanEck and digital asset manager 21Shares. They are the first proposed ETF products tied to the price of Solana, the fifth largest cryptocurrency.