CTF Written Submission
File No. SR-CboeBZX-2025-012 (Final Statement)
July 9, 2025
- Solana has experienced multiple network outages and degraded performance, raising concerns about its reliability and decentralization.
- Solana is mentioned as an unregistered security in several SEC lawsuits, questioning the legitimacy of its ETF consideration.
- The pending class action lawsuit claiming Solana is an unregistered security needs to be resolved before ETF approval.
Last Reviewed or Updated: July 9, 2025