21SHARES has filed an S-1 with the US SEC for its Solana Spot ETF just one day after VanEck’s recent filing.
Just a few minutes ago, the publisher 21Shares ETF has filed an S-1 form with the US SEC About the establishment 21Shares Core Solana ETF. The move marks a major step toward offering Solana-based exchange-traded funds (ETFs) to investors.
JUST IN: @21Shares just filed for a spot Solana ETF.
Solana summer is coming. 🔥 pic.twitter.com/S0FmLl9x5r
— Lark Davis (@TheCryptoLark) June 28, 2024
21shares becomes second company to file for Solana ETF launch Following yesterday’s major move by VanEck to expand its crypto-related investment portfolio by filing for Solana ETF first of the United States
Accordingly, these filings highlight the expansion of investment opportunities in the cryptocurrency market, while emphasizing Solana (SOL) as the leading token in the establishment of the next ETF, following Bitcoin and Ethereum.
In a recent analysis by GSR, Solana’s decentralization and market demand make it a top candidate for an ETF.
After this news was released, analyst Eric Balchunas Bloomberg said that the US SEC’s approval of the Solana ETF in the next 12 months is closely related to the country’s new president.
Solana ETF #2 filed.. here we go again https://t.co/DDmL3t8q0i
— Eric Balchunas (@EricBalchunas) June 28, 2024
This news comes as the cryptocurrency market is experiencing significant volatility, which could also give a boost a strong price increase for Solana and help Solana-based meme coins bounce back.
Market maker GSR predicts the Solana ETF will be approved
