Asset supervisor 21Shares filed for a spot Solana exchange-traded fund on Friday.
The index, named 21Shares Core Solana ETF, is calculated day by day and aggregates the notional worth of SOL buying and selling exercise throughout main SOL spot exchanges, based on the S-1 registration type filed with the U.S. Securities and Trade Fee (SEC).
Coinbase Custody Belief Firm will function the custodian.
The submitting is the second spot Solana ETF software this week from a significant asset supervisor.
On Thursday, VanEck filed its personal S-1 software type with the SEC in an try and launch its spot Solana ETF.
Markets responded positively to VanEck’s submitting with SOL rising 7%. However on Friday, 21Shares’ software didn’t show a right away influence on SOL’s worth, as of 12:30 p.m. on Friday.
“The chances of a Solana ETF being authorized in subsequent 12 [months] are tied on the hip to the chances of a change in POTUS and secure to say the possibilities of each are greater immediately than they had been yesterday,” Eric Balchunas, senior ETF analyst at Bloomberg mentioned on X.
“[Although] we’re not giving any precise quantity on this but. Approach too early,” he added.
Following the spot Ether ETF approvals in Could, analysts at Bernstein mentioned in a report that Solana may be categorized as a commodity.
The SEC just lately dropped its investigation towards Ethereum 2.0, which based on Consensys, an Ethereum software program agency, means the company now views the asset as a commodity.
The SEC has but to formally classify Ether as a commodity or safety, although it authorized spot Ether ETF purposes, which Bloomberg’s Balchunas predicts might launch on July 2.
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