21Shares filed official paperwork to launch a Solana.SOLETF (exchange-traded funds)
The Fintech Firm submitted The U.S. Securities and Exchange Commission filed a statement of registration with them on Friday. “21Shares Core Solana ETF,” If approved, the Cboe BZX Exchange would list this product.
In 2003, 21Shares European affiliate was established. launched First Solana ETF to be launched in Europe is 21Shares Solana Staking Staking (ASOL). The 21Shares Solana Staking ETP (ASOL) is the first European ETF to invest in Solana. financial As of the 27th June, Product has assets worth more than $846 Million.
The Fintech Firm says The recent SEC filing was “essential for democratizing access to crypto in the US.”
“We believe this is a necessary step for the crypto industry and it holds true to our mission to bring to market easily accessible financial products centered around crypto assets.”
21Shares has become the second company to apply for an SOL ETF this week in the US. VanEck filed its SOL ETF application in the United States on Thursday. submitted An S-1 Registration Statement to the Securities Regulator in Hope of Launching its own “VanEck Solana Trust.” If approved by SEC, the product will be also listed on Cboe BZX Exchange.
SOL was trading at $141.84 when this article was written. Market cap-wise, the fifth most valuable crypto asset has fallen almost 4% over the past 24-hours.
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