U.S. SEC blocks spot Solana ETF filings by CBOE

The U.S. Securities and Exchange Commission (SEC) has rejected the Chicago Board Options Exchange (CBOE) BZX's filings for two proposed spot Solana (SOL) ETFs, leading to their removal from the CBOE website, according to a source cited by The Block. The rejection followed discussions between the SEC and issuers regarding concerns that Solana could be classified as a security. The filings, submitted under the 19b-4 process, did not advance to the Federal Register, halting the approval process. Despite this setback, issuers like VanEck and 21Shares may resubmit or revise their applications in the future.