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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

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