21Shares has now formally filed paperwork in hopes of launching a Solana (SOL) exchange-traded fund (ETF).
The fintech agency submitted a registration assertion with the U.S. Securities and Alternate Fee (SEC) on Friday for the “21Shares Core Solana ETF,” which might commerce on the Cboe BZX Alternate if authorized.
Three years in the past, 21Shares’ European affiliate launched the world’s first Solana ETF in Europe, the 21Shares Solana Staking ETP (ASOL). The monetary product has greater than $846 million in belongings underneath administration as of June twenty seventh.
The fintech agency says the current SEC submitting is “important for democratizing entry to crypto within the US.”
“We consider it is a crucial step for the crypto trade and it holds true to our mission to convey to market simply accessible monetary merchandise centered round crypto belongings.”
21Shares is the second agency to file for a SOL ETF within the US this week. On Thursday, the funding large VanEck submitted an S-1 registration assertion to the securities regulator in hopes of launching its personal “VanEck Solana Belief.” The product would even be listed on the Cboe BZX Alternate if in the end authorized by the SEC.
SOL is buying and selling at $141.84 at time of writing. The fifth-ranked crypto asset by market cap is down virtually 4% previously 24 hours.
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