Although Cboe Global Markets has removed the VanEck Solana ETF's 19b-4 filing from its website, VanEck is still pushing forward with its Solana ETF plans.
Matthew Sigel, head of digital asset research at VanEck, confirmed that VanEck's S-1 filing is still valid even though the file is no longer visible. Cboe filed an application with the SEC in July seeking to list the Solana ETF on its exchange and asked the SEC to make a decision by March.
Sigel said: "VanEck believes that Solana (SOL) is a commodity rather than a security, similar to Bitcoin (BTC) and Ethereum (ETH). This belief is determined by evolving legal views. Courts and regulators have begun to recognize that certain crypto assets may act as securities in the primary market, but behave more like commodities in the secondary market."
In addition, it also stated that VanEck will continue to promote this position with exchange partners. (Cointelegraph)