Solana ETF 19b-4 Forms for VanEck and 21Shares Are No Longer Visible on the CBOE Website

SOL hovers around $140 early on Saturday, erasing over 10% value in the last seven days. Solana Exchange Traded Funds appear to have been removed from the website of exchange operator Chicago Board Options Exchange.

Solana (SOL) Exchange Traded Funds (ETFs) appear to have been removed from the website of exchange operator Chicago Board Options Exchange (CBOE) on Saturday.

The development comes after applications for the product were filed with the U.S. Securities and Exchange Commission (SEC) on July 8, with the CBOE having addressed the rising investor interest in the Solana ETF.

However, the applications are no longer visible on the CBOE website, sparking questions on whether the requests were withdrawn.

Both VanEck and 21Shares had filed for Solana ETFs with the SEC in July, and the applications were pending approval.

The SEC has yet to approve any cryptocurrency ETFs in the U.S., despite several applications being filed over the past few years.

However, the regulator has recently begun to show more openness to the idea, with председатель Гэри Генслер stating that he is "comfortable" with approving a Bitcoin futures ETF.

Solana price analysis shows a bearish outlook with SOL set to erase over 10% value in the last seven days. The token’s price hovered around $140 early on Saturday.

Technical indicators suggest Solana price trend is likely to witness a further decline before any recovery.

The Moving Average Convergence Divergence (MACD) indicator shows negative underlying momentum in Solana price trend.

If selling pressure intensifies, SOL is likely to erase nearly 13% value and dip to support at $121.

This is a key level for the Ethereum competitor since this level has acted as resistance for over three months.

A daily candlestick close above $145 could invalidate the bearish thesis.

In that case, SOL could witness a return to the imbalance zone above $152.

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