SOL ETF

Solana

ETF COIN

<h4><strong>The company recently registered the Solana ETF with the state of Delaware, signaling that it may soon file for official approval with the <a href="https://www.altcoinbuzz.io/?s=sec" target="_blank" rel="noopener noreferrer nofollow">U.S. SEC</a>. </strong></h4>
<p>If everything goes according to plan, Bitwise could soon be competing with other asset managers. VanEck and Canary Capital are one of them. The idea is to get a spot in Solana ETF approved by the SEC.</p>
<h5><strong>Bitwise Registers Solana ETF, Eyes SEC Approval</strong></h5>
<p>The <a href="https://icis.corp.delaware.gov/ecorp/entitysearch/NameSearch.aspx" target="_blank" rel="noopener noreferrer nofollow">registration</a> was completed on November 20th, with the trust officially listed in Delaware’s Division of Corporations. The registered agent for Bitwise’s Solana ETF is CSC Delaware Trust Company, based in Wilmington, Delaware. However, to officially enter the race for approval, Bitwise will need to submit an S-1 registration statement. And a <a href="https://icis.corp.delaware.gov/eCorp/EntitySearch/NameSearch.aspx" target="_blank" rel="noopener noreferrer nofollow">19b-4 filing</a> to the SEC, similar to what they did with their XRP ETF proposal in October.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Bitwise just filed a Solana ETF Trust registration in Delaware, per state department filings. <a href="https://t.co/lZn8s9w5XA" rel="noopener noreferrer nofollow">pic.twitter.com/lZn8s9w5XA</a></p>
 <p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1859362456415416490?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 20, 2024</a></p>
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<p>The goal of the Bitwise Solana ETF would be to track the price of Solana, the world’s fourth-largest cryptocurrency. If approved, the Solana ETF could offer investors a new way to get exposure to Solana’s price movements. This is without directly owning the cryptocurrency. This move could be seen as a big step forward for the crypto space. So, as more companies try to bring cryptocurrency products into the mainstream.</p>
<h5><strong>More About Bitwise’s Solana ETF</strong></h5>
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      <p>Bitwise hasn’t released the proposed ticker symbol for its SOL ETF, and it’s unclear which stock exchange will list it. For reference, Bitwise’s Bitcoin ETF and Ethereum ETF are listed on the <a href="https://www.nyse.com/markets/nyse-arca" target="_blank" rel="noopener noreferrer nofollow">New York Stock Exchange Arca</a>. While the filing didn’t mention the exchange, this could give us a clue about it. This is where the Solana ETF might end up.</p>
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<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Bought $100k worth of Arkk’s Bitcoin’s ETF @ $46.73</p>
 <p>(Yes i have real Bitcoin too)</p>
 <p>The main benefit I see for holding some of the ETF is that I will be able to borrow against these assets quickly without selling out of them for profit <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a></p>
 <p>This is the Charles schwab app <a href="https://t.co/sWklLMk34h" rel="noopener noreferrer nofollow">pic.twitter.com/sWklLMk34h</a></p>
 <p>— WealthSquad Chris <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f334.png" alt="🌴" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CJ_Johnson17th) <a href="https://twitter.com/CJ_Johnson17th/status/1745501135945777650?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 11, 2024</a></p>
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<p><a href="https://www.vaneck.com/es/en/news-and-insights/thought-leaders/matthew-sigel/" target="_blank" rel="noopener noreferrer nofollow">Matthew Sigel</a>, head of digital asset research at VanEck, believes the chances of the SEC approving a spot SOL ETF by the end of 2025 are “overwhelmingly high.” Part of the reason for his optimism is a more crypto-friendly regulatory environment.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bitwise-registers-solana-etf-in-delaware-seeks-sec-approval/" rel="noopener noreferrer nofollow">Bitwise Registers Solana ETF in Delaware, Seeks SEC Approval</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Bitwise Registers Solana ETF in Delaware, Seeks SEC Approval

Altcoin Buzz

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