Solana Reaches All-Time High Amid Four SOL-ETF Listing Applications

The Chicago Board Options Exchange (CBOE) has submitted 19b-4 forms for four applications to launch spot Solana-ETFs. The relevant documents have been filed with the SEC. 

In total @CBOE just filed for 4 Solana ETFs. One for @vaneck_us, @21Shares, @CanaryFunds and @BitwiseInvest. The ball is in SEC’s court now. pic.twitter.com/ga5B7HaR4M

— James Seyffart (@JSeyff) November 21, 2024

The products include VanEck Solana Trust, 21Shares Core Solana ETF, Canary Solana Trust, and Bitwise Solana ETF.

Bitwise has become the fourth investment firm to apply for a spot Solana ETF, following Canary Capital’s application in October, and VanEck and 21Shares, who initiated the race in June.

Following the news, SOL surpassed its all-time high, exceeding $264.

At the time of writing, the asset is trading at $258.

Earlier, VanEck noted the high likelihood of Solana-ETF approval by the end of 2025.

Back in October, the SEC approved the trading of options on exchange-traded funds based on the spot price of the first cryptocurrency on the NYSE and CBOE.