VanEck and 21Shares Pull Solana ETF Applications, Here’s What to Expect

• The Solana ETF 19b-4 forms for VanEck and 21Shares are no longer visible on the CBOE website, leading to questions about whether the filings have been withdrawn.
• Solana ETF applications were filed on July 8, with exchange operator CBOE addressing growing investor interest in the product.
• SOL is hovering around $140 early Saturday, having erased more than 10% of its value over the past seven days.

Solana Exchange Traded Funds (ETFs) (SOL) appear to have been removed from the website of exchange operator Chicago Board Options Exchange (CBOE). It remains unclear whether applicants have withdrawn their ETF applications as the documents are no longer visible on the site.

Solana is below $140 at the time of writing.

Solana ETF apps likely withdrawn, SOL hovers around $140

The CBOE website no longer has the Solana ETF 19b-4 forms for the VanEck and 21Shares Solana ETFs, raising concerns among SOL traders. Links to the documents are no longer visible on the site, prompting cryptocurrency traders and analyst to tweet the question on X (formerly Twitter).

Both ETF applications were filed on July 8, and if the applications were withdrawn, this could have a negative impact on trader sentiment. Social sentiment among retailers is positive, according to CFGI.io data.

Solana falls below 140 dollars

Solana has been trading sideways since mid-March on the SOL/USDT daily chart. SOL is trading below $140 at the time of writing. SOL is likely to erase nearly 13% and fall to support at $121. This is a key level for the Ethereum contender as this level has acted as resistance for over three months.

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

SOL/USDT Daily Chart

A daily candle close above $145 could invalidate the bearish thesis. SOL could return to the disequilibrium zone above $152.