SEC REJECTS CBOE SOL ETF FILING

Summary from the TLDR Crypto newsletter

The U.S. SEC has rejected Cboe BZX's filings for two Solana ETFs, following the SEC's stance that Solana qualifies as a security. Despite the setback, the issuers, 21Shares and VanEck, remain active on the SEC's filing system and may consider refiling with revisions arguing that Solana is not a security.