Fintech Firm 21Shares Follows VanEck’s Lead and Submits Solana (SOL) ETF Application
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 Trade Fee (SEC) on Friday for the “21Shares Core Solana ETF,” which might commerce on the Cboe BZX Trade if permitted.
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 property below 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 this can be a mandatory step for the crypto trade and it holds true to our mission to deliver to market simply accessible monetary merchandise centered round crypto property.”
21Shares is the second agency to file for a SOL ETF within the US this week. On Thursday, the funding big 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 Trade if in the end permitted 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 nearly 4% previously 24 hours.
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