VanEck’s efforts to launch an exchange-traded fund (ETF) for Solana are still ongoing despite recent changes in regulatory paperwork.

In an Aug. 19 tweet, Matthew Sigel, head of digital asset research at VanEck, assured investors that the plan is not off track, even though the 19b-4 filing for the ETF was recently removed from Cboe Global Markets’ website.

The 19b-4 document filed by Cboe on July 9 is a key step in obtaining SEC approval to list the VanEck and 21Shares Solana ETFs. This document is required for exchanges like Cboe and Nasdaq to offer new ETFs. The removal of this document from Cboe’s website on August 9 led to questions about whether the ETF proposal had been withdrawn.

However, Sigel explained that the 19b-4 filing is different from the S-1 prospectus filed by the ETF’s issuers. He confirmed that VanEck’s S-1 prospectus for the Solana ETF is still active, meaning the company is moving forward with its plans.

This situation comes as there is debate over how digital assets like Solana should be classified. Bitcoin and Ether have had recent success with their ETFs that use a specific type of fund structure. VanEck hopes that Solana can be considered a commodity like Bitcoin and Ether and fit into a similar structure.

Despite recent uncertainty, VanEck continues to work with exchange partners and regulators to advance the Solana ETF proposal.

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