Cboe BZX Persists: Resubmits 19b-4 Forms for Four Solana ETFs

Cboe BZX, a leading exchange operator, has once again submitted applications on behalf of multiple companies to launch a spot Solana exchange-traded fund (ETF). This move comes after previous attempts were denied by regulators.

On Tuesday, Cboe BZX filed 19b-4 forms for Canary Solana Trust, Bitwise Solana ETF, 21Shares Core Solana ETF, and VanEck Solana Trust. These filings initiate the approval process for the respective ETFs, which were previously rejected.

The 19b-4 filing is a document submitted by an exchange on behalf of the issuer, which, once accepted by the SEC and published in the Federal Register, begins the institution's approval process. This process is a crucial step in bringing these ETFs to market.

Cboe BZX's latest filings indicate a continued interest in the cryptocurrency market and a commitment to expanding the range of available investment products. The exchange operator has previously represented multiple companies in filing for spot Solana ETFs, demonstrating its support for the growing demand for crypto-related investments.