In a significant development for the cryptocurrency market, 21Shares has officially filed for a Solana ETF with the Chicago Board Options Exchange (CBOE). The filing was submitted to the U.S. Securities and Exchange Commission (SEC) on July 8, 2024, marking a major step towards offering a regulated investment vehicle focused on Solana.
Key Details:
Filing Entity: 21SharesProposed ETF: 21Shares Core Solana ETFExchange: CBOE BZX Exchange, Inc.Filing Date: July 8, 2024SEC Form: 19b-4Description: The ETF aims to list and trade shares of the 21Shares Core Solana ETF under Rule 14.11.
Implications:
This move underscores the growing interest and institutional acceptance of Solana as a major player in the cryptocurrency ecosystem. If approved, the ETF will provide investors with a regulated and convenient way to gain exposure to Solana, potentially increasing the asset's adoption and liquidity.
The filing is now under review by the SEC, and its approval could set a precedent for other blockchain-based ETFs, further legitimizing cryptocurrencies in traditional financial markets.
#solana #sol #solanaetf #cboe #spotetf $SOL