21Shares Files for Solana Spot ETF Following VanEck’s Application
Digital property funding agency 21Shares has filed for regulatory approval to launch an exchange-traded fund (ETF) tied to the spot value of Solana (SOL).
Each filings come within the wake of the Securities and Change Fee’s (SEC) approval of each spot Bitcoin and Ethereum ETFs to this point this 12 months. The Ethereum spot ETFs are at the moment within the means of being launched, with potential issuers finalizing the S1 kinds with the SEC.
The Chicago Board Choices Change (CBOE), the place each companies plan to listing their Solana ETFs if accepted, should nonetheless search regulatory approval to amend its guidelines to accommodate these new merchandise. Solana at the moment ranks because the fifth-largest cryptocurrency by market capitalization.
Regardless of the rising curiosity in Solana ETFs, no futures contracts on Solana are at the moment traded on the Chicago Mercantile Change (CME). This contrasts with Bitcoin and Ethereum, the place futures-based ETFs have been accepted by the SEC earlier than the spot merchandise have been thought-about.
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