Solana

United

<ul> 
 <li>21Shares intends to list the prospective ETF on the Cboe BEZX exchange.&nbsp;</li> 
 <li>According to 21Shares and VanEck, Solana has a good chance of getting its ETF approved.</li> 
</ul> 
<a href="https://www.21shares.com/" target="_blank" rel="noreferrer noopener nofollow">21Shares</a>, an asset management business located in Switzerland, has applied to launch a Solana ETF in the US. Subsequent to the pioneering action by big competitor VanEck, this filing arrives right after. 
The application is based on the idea that Solana does not qualify as a security in the United States, as stated in the 21Shares filing. 21Shares may withdraw its support for the cryptocurrency if the <a href="http://sec.gov" target="_blank" rel="noreferrer noopener nofollow">SEC</a> classification of it as a security is announced. 
Moreover, after the SEC greenlit spot Bitcoin ETF trading, speculation about a Solana ETF began to heat up. Last month, eight Ethereum ETFs were approved, which further increased the altcoin push. According to 21Shares and <a href="https://thenewscrypto.com/vaneck-aims-to-dominate-the-spot-eth-etf-battle-by-waiving-initial-fees/" target="_blank" rel="noreferrer noopener">VanEck</a>, Solana has a good chance of getting its ETF approved. If the same combinations that got Ethereum approved by the SEC are used. 
<h3 class="wp-block-heading" id="h-more-proposals-likely-to-follow">More Proposals Likely to Follow</h3> 
21Shares intends to list the prospective ETF on the Cboe BEZX exchange. The Solana ETF, similar to other newly authorized crypto ETFs, is marketed as an easy and inexpensive way for investors to get exposure to <a href="https://thenewscrypto.com/solana-sol-price-displays-strength-hinting-at-potential-breakout-towards-1000/" target="_blank" rel="noreferrer noopener">SOL</a> without actually buying the currency. Also, investors may avoid the hazards of owning these cryptocurrencies by using this method. 
According to Matt Sigel, head of digital assets research at VanEck, the firm is proceeding with the application for the Solana ETF because it feels the regulatory landscape is changing. The most recent action by 21Shares seems to indicate that it shares VanEck’s view on the shift in regulation around digital assets. Other asset managers may follow and submit further proposals in the next few weeks. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/u-s-sec-sues-consensys-over-unregistered-securities-involving-metamask/" target="_blank" rel="noreferrer noopener">U.S SEC Sues ConsenSys Over Unregistered Securities Involving MetaMask</a>

21Shares Applies for Spot Solana ETF in the US Following VanEck’s Lead

Table of Contents

TheNewsCrypto

Andre artikler udgivet 28. jun. 2024

BlockDAG Review ⭐⭐⭐⭐⭐: 5 Explosive Questions Answered About Crypto’s Next Sensation

Bitcoin’s Midsummer Slump: Profit Taking, Regulatory Jitters, and the Mt. Gox Ghost

Bitget adds Web3 Gaming and Education Platform Layer3 (L3) on Premarket (28 Jun)

Book of Meme sees gains as Pepe Unchained ICO raises $1 million

Bitgert Coin Staking: Earn Rewards and Support the Network

Solana Backed From Demand Zone: Can SOL Surpass The $150 Mark?

Join our free newsletter for daily crypto updates!