21Shares files application for spot Solana ETF
The proposed fund would be called the 21Shares Core Solana ETF and would not participate in staking SOL.
21Shares filed an S-1 application with the United States Securities and Exchange Commission (SEC) for a spot Solana exchange-traded fund (ETF) on June 28. The fund will be called the 21Shares Core Solana ETF. This is the second application the SEC has received for a spot SOL ETF, following VanEck’s filing on June 27.
The proposed ETF will trade on the Cboe BZX Exchange. Coinbase will serve as the custodian for the fund’s Solana (SOL) holdings, which will be insured privately. The fund will not participate in validating or staking SOL. The value of SOL in the fund will be determined daily at 4:00 ET.
21Shares is a crypto-native financial technology company headquartered in Zurich, Switzerland. It already offers Ethereum (ETH) and Bitcoin (BTC) ETFs in the United States.
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