21Shares Files Spot Solana ETF with SEC

In the wake of VanEck's proposal for a Solana (SOL) Trust, 21Shares has submitted its "21Shares Core Solana ETF" application to the Securities and Exchange Commission (SEC), according to documents released on Friday. Both filings notably exclude crypto staking, a common move for crypto-backed ETFs recently.



The 21Shares spot Solana ETF represents the second attempt to introduce such a fund, positioning SOL alongside major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Following the successful launch of Bitcoin ETFs and the anticipated approval of Ethereum ETFs, Solana is emerging as the next digital asset to attract institutional investment through an exchange-traded fund.



Despite the growing anticipation, industry experts, including Wintermute CEO Evgeny Gaevoy, believe that launching spot SOL ETFs will be challenging,


First found on: Coinatory cryptonews