According to a well-placed source, the SEC rejected Cboe BZX’s 19b-4 filings for two prospective spot Solana ETFs, leading to their withdrawal from the Cboe website.

The rejection followed concerns that Solana should be classified as a security, aligning with the SEC’s stance in various court cases.

The 19b-4 filings, necessary for initiating the SEC’s approval process, were not placed in the Federal Register due to the SEC’s rejection.