Ethereum

Solana

Planet

Spot

There are exciting times ahead for the crypto market with several bullish developments. VanEck and 21Shares recently filed their 19b-4 applications for their respective Spot Solana ETFs ahead of the launch of the Spot Ethereum ETFs, which is set to happen soon enough. Meanwhile, <a style="color: #0000ff;" href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="noopener">ETFSwap’s (ETFS)</a> beta platform is also expected to launch soon enough.&nbsp; 
<h2 id="span-style-font-weight-400-vaneck-and-21shares-file-19b-4-ahead-of-spot-ethereum-etfs-trading-span">VanEck and 21Shares File 19b-4 Ahead Of Spot Ethereum ETFs Trading</h2> 
The <a style="color: #0000ff;" href="https://www.investopedia.com/terms/c/cboe.asp#:~:text=Originally%20known%20as%20the%20Chicago,%22see%2Dbo%22)." target="_blank" rel="nofollow noopener">Chicago Board Options Exchange</a> (CBOE) has filed the 19b-4 forms for VanEck and 21Shares’ Spot Solana ETFs. These filings inform the US Securities and Exchange Commission (SEC) of the stock exchange’s intention to make a rule change and list the Spot Solana ETFs.&nbsp; 
VanEck’s head of digital assets, Matthew Sigel, confirmed in an X (formerly Twitter) <a style="color: #0000ff;" href="http://v" target="_blank" rel="nofollow noopener">post</a> that CBOE had filed the 19b-4 form for his firm’s Spot Solana ETFs. With the 19b-4 forms for these Spot Solana ETFs now filed, the SEC will need to acknowledge them, after which the review period for these Spot Solana ETFs will begin.&nbsp; 
This development comes ahead of the imminent launch of the Spot Ethereum ETFs. Based on <a style="color: #0000ff;" href="https://x.com/NateGeraci/status/1810493242217050540" target="_blank" rel="nofollow noopener">predictions</a> made by market experts like Nate Geraci, the President of the ETF Store, these Spot Ethereum ETFs could launch by next week. The Spot Ethereum ETF issuers have already amended their S-1 filings and are now waiting for the SEC to greenlight these funds. The Spot Ethereum ETFs will begin trading immediately after that happens.&nbsp; 
<h2 id="span-style-font-weight-400-etfswap-s-etfs-beta-platform-set-to-launch-span">ETFSwap’s (ETFS) Beta Platform Set To Launch</h2> 
<a style="color: #0000ff;" href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="noopener">ETFSwap’s</a> beta platform is expected to launch soon, allowing users to get a feel for what to expect from the decentralized finance (DeFi) platform. ETFSwap redefines ETF trading by simplifying how investors invest in exchange-traded funds (ETFs). The trading platform tokenizes exchange-traded funds (ETFs) like the Spot Ethereum ETFs and enables them to be traded on-chain.&nbsp; 
ETFSwap’s decentralized nature means investors can access these traditional assets in seconds without authorization. Users do not have to worry about encountering overwhelming customer verification processes since the trading platform has made its Know-Your-Customer (KYC) requirements non-mandatory. 
<a href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="nofollow noopener">ETFSwap (ETFS)</a> has also integrated zero-knowledge (ZK) proof technology, allowing investors to trade these ETFs anonymously. ZK proof enables the trading platform to confirm each user’s personhood without needing them to reveal their identity or any other sensitive information.&nbsp; 
Furthermore, the DeFi platform has introduced <a style="color: #0000ff;" href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="nofollow noopener">leverage trading for ETFs</a>, allowing traders to use up to 50 leverage on each ETF trade. Additionally, traders can take advantage of the perpetual futures trading services on ETFSwap, allowing them to hold derivative contracts for these ETFs without expiration.&nbsp; 
Meanwhile, by bringing these ETFs on-chain, ETFSwap has made it possible for investors to invest in ETFs and crypto assets in the same place. Using the ETFS token, users can easily swap their ETF holdings for crypto assets and vice versa, making portfolio diversification much easier. Investors also get to access various commodities on the trading platform. The platform also plans to launch its own ETF in 2025, providing more investment opportunities for investors.&nbsp; 
<a style="color: #0000ff;" href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="nofollow noopener">ETFSwap (ETFS)</a> undoubtedly boasts a bullish outlook, and investors are more confident in its ecosystem than ever. The team has undergone a Know-Your-Customer (KYC) verification process and has been <a style="color: #0000ff;" href="https://github.com/solidproof/projects/blob/main/2024/ETFSwap/KYC_Certificate_ETFSwap.png" target="_blank" rel="nofollow noopener">certified</a> by Solidproof, a Smart contract security auditing firm. As part of the process, Solidproof verified the project’s ownership and confirmed that the ETFS token’s contract address had been published on the mainnet.&nbsp; 
<h2 id="img-decoding-async-class-aligncenter-size-full-wp-image-15735-src-https-defi-planet-com-wp-content-uploads-2024-07-etf-swap-2-png-alt-width-512-height-79-srcset-https-defi-planet-com-wp-content-uploads-2024-07-etf-swap-2-png-512w-https-defi-planet-com-wp-content-uploads-2024-07-etf-swap-2-300x46-png-300w-sizes-max-width-512px-100vw-512px"><img decoding="async" class="aligncenter size-full wp-image-15735" src="https://defi-planet.com/wp-content/uploads/2024/07/ETF-SWAP-2.png" alt="" width="512" height="79" srcset="https://defi-planet.com/wp-content/uploads/2024/07/ETF-SWAP-2.png 512w, https://defi-planet.com/wp-content/uploads/2024/07/ETF-SWAP-2-300x46.png 300w" sizes="(max-width: 512px) 100vw, 512px"></h2> 
<h2 id="span-style-font-weight-400-conclusion-on-what-crypto-etfs-mean-for-etfswap-etfs-span">Conclusion On What Crypto ETFs Mean For ETFSwap (ETFS)</h2> 
The potential launch of the Spot Ethereum ETFs and Spot Solana ETFs is bullish for <a style="color: #0000ff;" href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="nofollow noopener">ETFSwap</a> and its native ETFS token. Analysts project that the crypto token will witness an increased demand thanks to investors looking to invest in these Spot Ethereum ETFs and Spot Solana ETFs on the trading platform. Considering this, it is best to buy the <a style="color: #0000ff;" href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="nofollow noopener">ETFSwap (ETFS)</a> token while it is still on sale at a discounted price of $0.0183. 
&nbsp; 
For more information about the ETFS Crypto Presale: 
<a style="color: #0000ff;" href="https://etfswap.io/?utm_source=defiplanet&amp;utm_medium=pr&amp;utm_campaign=0713" target="_blank" rel="nofollow noopener">Visit ETFSwap Presale</a> 
<a style="color: #0000ff;" href="https://linktr.ee/etfswap" target="_blank" rel="nofollow noopener">Join The ETFSwap Community</a> 
&nbsp; 
Disclaimer This is a press release. The information provided in this article is for informational purposes only and does not constitute financial advice. DeFi Planet does not endorse or recommend any specific investment decisions and reminds readers to conduct their own research and due diligence before taking any financial actions. DeFi Planet is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. 
&nbsp; 
If you want to read more articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/">CoinMarketCap Community</a>. 
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.” 
The post <a href="https://defi-planet.com/2024/07/vaneck-21shares-file-first-ever-spot-solana-etfs-with-the-cboe-ahead-of-spot-ethereum-etfs-trading/">VanEck, 21Shares File First Ever Spot Solana ETFs With The CBOE Ahead Of Spot Ethereum ETFs Trading</a> appeared first on <a href="https://defi-planet.com">DeFi Planet</a>.

VanEck, 21Shares File First Ever Spot Solana ETFs With The CBOE Ahead Of Spot Ethereum ETFs Trading

Table of Contents

DeFi Planet

Other articles published on Jul 13, 2024

XRP Not a Security: Ripple Celebrates Landmark Ruling, Warns of SEC Overreach

FTX’s $4 Billion Settlement With CFTC Prioritizes Creditor Repayments

Is BlockDAG the Top Bullish Crypto? A 1300% Surge Plus Insights on Fantom and Fetch.ai Price Incr...

President Biden’s Veto: Unmasking the Crypto Divide and Regulatory Battle

Essential Crypto Holdings for Every Investor

Record $310M of inflows in Bitcoin ETF, Bull run incoming?

Join our free newsletter for daily crypto updates!