Ethereum

Solana

James

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
21Shares has become the latest investment firm to&nbsp;<a href="https://x.com/EricBalchunas/status/1806718668648190182" rel="noopener noreferrer nofollow">file</a> an application for a Solana-based exchange-traded fund (ETF).
This comes just a day after a similar filing was submitted by VanEck on Thursday.&nbsp;
As&nbsp;<a href="https://u.today/breaking-solana-etf-proposal-filed-by-vaneck" rel="noopener noreferrer nofollow">reported by U.Today</a>, ETF analyst James Seyffart predicted that such a product could be approved no earlier than 2025.&nbsp;
Meanwhile, the U.S. Securities and Exchange Commission is on track to wrap up the approval of multiple Ethereum ETFs by July 4, according to a recent report by Reuters.&nbsp;
Eric Balchunas, Bloomberg's senior ETF analyst, has so far refrained from naming exact approval odds since he believes that is too early.
Despite the most recent 21Shares filing, the Solana (SOL) price is down 4.5% over the past 24 hours. For comparison, it surged by more than 6% on the VanEck news.&nbsp;

Solana ETF Buzz Picks Up Steam with Yet Another Filing

U_Today

Other articles published on Jun 28, 2024

Lido DAO (LDO) dips after SEC goes after Consensys for Metamask services

Trump’s Crypto Promises vs. Biden’s Crackdown: What Voters Need to Know

Polkadot, MEME holders eye memecoin presale poised to impact the market

Chainlink Powers ChainSwap’s Secure Cross-Chain Swaps with CCIP Integration

Blast Off with MoonBag Meme Coin: 88% APY Staking vs. Hedera & Slothana.

XRP Faces Trouble: Analyst Predicts Major Price Decline

Join our free newsletter for daily crypto updates!