ChainCatcher news, Bloomberg senior ETF analyst James Seyffart posted on social media: "Cboe has just submitted applications for 4 Solana spot ETFs to the SEC, with issuers being VanEck, 21Shares, Canary Capital, and Bitwise.If the SEC does not reject the above filings, the final deadline will be around early August next year."

ChainCatcher news, according to Cointelegraph, the Brazilian Securities and Exchange Commission (CVM) has approved the first Solana spot ETF. This investment product is provided by the Bitcoin and Ethereum ETF management company QR and will be managed by Vortx. Currently, the ETF is still in the preliminary operation stage and needs to obtain approval from B3 due to regulatory reasons, with a launch expected within 90 days at most.

According to ChainCatcher, The Block reported that 21Shares has submitted the S-1 filing for a Solana spot ETF to the U.S. Securities and Exchange Commission (SEC), with its competitor VanEck also submitting the filing the day before. 21Shares has become the second company to apply for a Solana ETF in the U.S.The 21Shares Core Solana ETF will trade on the Cboe BZX Exchange and will have its assets custodied by Coinbase Custody. According to the company's S-1 filing, redemptions will be made in-kind rather than in cash. Like VanEck, 21Shares also believes that Solana's native token should be considered a commodity. However, legal experts indicate that due to the lack of a regulated SOL futures market and the SEC enforcement division's previous statement that SOL is a security, the Solana spot ETF is unlikely to receive SEC approval.

ChainCatcher news, The ETF Store President Nate Geraci posted on social media that a Solana spot ETF could be launched by this time next year.

ChainCatcher news, according to CryptoSlate, Cboe Vice President and Global Head of ETF Listings Rob Marrocco believes that before changes in the market and regulatory environment occur, it is unlikely that crypto ETFs other than Bitcoin and Ethereum will emerge.Marrocco stated in the ETF Store podcast on June 11 that the market's expectations for Solana and XRP spot ETFs are unrealistic in the short term, as these cryptocurrencies do not have futures markets, which is a key factor in the approval of Bitcoin and Ethereum spot ETFs.He added that this means the only viable way to bring a Solana ETF to market is to first launch a Solana futures ETF, paving the way for a spot ETF.Marrocco further stated that even with the introduction of a Solana futures ETF, they would need to trade for a long time to establish a good track record. However, this process may take quite a long time to yield results.