21Shares Becomes The Next Fund Filing For A Solana Spot ETF
Portfolio Pulse from Murtuza Merchant
21Shares has filed for a Solana (SOL) spot ETF, following VanEck's similar filing. The ETF aims to track SOL's performance and will hold SOL, valuing shares daily based on a designated index. The filing includes a contingency plan for regulatory changes, highlighting ongoing uncertainty. If approved, the ETF would offer investors exposure to Solana without directly purchasing the cryptocurrency.
June 28, 2024 | 5:42 pm
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21Shares has filed for a Solana (SOL) spot ETF, which aims to track SOL's performance. This could provide a regulated way for investors to gain exposure to Solana, pending SEC approval.
The filing for a Solana spot ETF by 21Shares could increase demand and legitimacy for SOL if approved, providing a regulated investment vehicle for traditional investors. However, regulatory approval is a significant hurdle.
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