21Shares Officially Files for Spot Solana ETF: What You Need to Know

BREAKING NEWS: Asset manager 21Shares has officially filed an S-1 registration statement with the Securities & Exchange Commission (SEC) for a spot Solana ETF. This move, one day after rival VanEck, solidifies Solana's growing legitimacy within the crypto investment space. Asset manager 21Shares filed for a spot Solana exchange-traded fund on Friday.

21Shares Core Solana ETF: Details and What to Expect

Following a move by VanEck on Thursday, asset manager 21Shares filed for a Solana (SOL) exchange-traded fund (ETF) today titled “21Shares Core Solana ETF.” The proposed 21Shares Core Solana ETF is designed to track the performance of Solana (SOL) by aggregating the notional value of SOL trading activity across major exchanges. The index, named 21Shares Core Solana ETF, is calculated daily.

Why This Matters

Investment firm 21Shares has filed an S-1 form with the U.S. Securities and Exchange Commission for a Solana-based exchange-traded fund. 21Shares se convierte en la última institución en solicitar un fondo cotizado en bolsa de Solana. 🚨 BREAKING BIG: ARK @21Shares officially files for @solana spot ETF.

What's Next for the Solana ETF?

Asset manager 21Shares has filed an S-1 draft with the SEC for a Solana ETF. The move follows an earlier SOL ETF filing from Van Eck on Thursday. The SEC will now review the filing, a process that can take time. While approval is not guaranteed, this marks a significant step toward making Solana more accessible to mainstream investors. 21Shares won't give up easily in this space, demonstrating their commitment to expanding crypto investment opportunities.