Core

Solana

The post <a href="https://coinpedia.org/news/breaking-21shares-files-s-1-for-solana-etf/">Breaking : 21SHARES Files S-1 for Solana ETF</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
On June 28th, the ETF Issuer 21Shares filed the S-1 form with the U.S. SEC for the 21Shares Core Solana ETF. This move marks a significant step towards making Solana-based exchange-traded funds (ETFs) available to public investors. 
21shares becomes the second firm to launch Solana ETF after VanEck’s significant step in expanding its suite of crypto-related products by filing for the first U.S. exchange-traded fund (ETF) focused on Solana. These filings highlight an expansion of investment opportunities within the cryptocurrency market. 
Bloomberg analyst Eric Balchunas&nbsp;stated that The SEC’s approval of the Solana ETF over the next 12 months is intimately related to the country’s new president. 
<h2 class="wp-block-heading" id="h-sol-price-analysis">SOL Price Analysis</h2> 
This news comes as the cryptocurrency market experiences significant volatility. It can initiate a fresh Solana Price rally, fueling Solana-based meme coins. Solana’s price has risen by 1.20% over the previous 24 hours. At the time of writing, the token was trading for $145.01. 
Crypto market analysts <a href="https://www.gsr.io/reports/is-solana-eft-next/">forecast</a> that SOL’s price will reach $1,320, with GSR Markets naming Solana as one of “crypto’s big three.” They predict SOL could attract 14% of Bitcoin ETF flows.A GSR Markets report projects an 8.9x increase in Solana’s price. In an optimistic scenario, Solana’s current price of $149 could surge to over $1,320, resulting in a market valuation of $614 billion. 
In the “bear” and “baseline” scenarios, spot Solana ETFs are expected to capture 2% and 5% of Bitcoin flows, respectively, boosting Solana’s price by 1.4x and 3.4x.

Breaking : 21SHARES Files S-1 for Solana ETF

Table of Contents

CoinPedia News

Andre artikler udgivet 28. jun. 2024

Coinbase Announces New Cryptocurrency Partnership! Here is the Affected Altcoin!

Bitcoin Rebounds Above $62,000 After Six-Week Low, Analysts Eye $63,500 Target

AMD FSR 3.1 update is available for five games including Ghost of Tsushima

TARS AI, AIOZ Network prices rise after ecosystem update

Bitcoin Price Stays Steady as Altcoins Remain Calm

Famous American Name Says Bitcoin Is in Bullish Mode Again, Lists Three Reasons for the Rise!

Join our free newsletter for daily crypto updates!