21Shares officially submitted a Spot Solana exchange-traded fund. The Spot Bitcoin ETF has filed for a new crypto ETF. US Securities and Exchange Commission (SEC) Friday. This is the second SOL ETF filing this week after VanEck yesterday.
The recent Aktuellen report from GSR Solana’s token is most likely to be the one that gets the next Investment offer. Both Bitcoin and Ethereum have been approved for exchange-traded products. The market was anxiously waiting to see which cryptocurrency would be the first. next.
Please Read This: VanEck Files for Spot Solana ETF
21Shares was the second to file for Spot Solana ETF
21Shares filed a Spot Solana Exchange Traded Fund with the SEC. This is a significant development in the entire industry. Officially, the filing seeks an exchange-traded products. “on the Cboe BEZX exchange.” The product is also characterized by a sleek design. “convenient and cost-effective method for investors to gain investment exposure to SOL without making a direct investment in SOL.”
VanEck made a filing similar to this yesterday. Matt Sigel is the firm’s Director of Digital Assets Research. “We believe that the regulatory landscape is shifting,” Sigel told The Block. The current political climate is a great time to start the process.
![Solana](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/1710199084_664_Solana-SOL-To-Hit-All-Time-High-as-Bitcoin-Crosses-70000.jpg)
Please Read This: Solana Adds New Feature To Allow Crypto Transactions On Any Website
21Shares seems to have agreed with their actions taken at the end of the week. The applications are also in line with recent GSR statistics that support the increasing demand for SOL-based investments. These metrics show that SOL has clearly established its position as one of the three largest assets on the market, alongside BTC.
GSR’s analysis of decentralisation and the demand for SOL noted that it was an obvious follow up to two ETFs previously approved. Solana was quoted by the firm. “outpaced the next closest digital asset by a large margin and was the only other besides Ethereum to have positive scores for both decentralization and demand.”
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Source: watcher.guru