21Shares file for Spot Solana ETF; Will It Approve?

<h1 class="d-none">Solana ETFs Filed by VanEck and 21Shares</h1> <h2 class="d-none">21Shares file for Spot Solana ETF; What Next</h2> Solana ETFs Filed by VanEck and 21Shares

VanEck and 21Shares recently filed applications for Solana ETFs, attracting significant attention.

The 21Shares Core Solana ETF will allow direct investment in Solana, mirroring its performance based on trading volume in major spot markets.

The ETF will be traded on the Cboe BZX Exchange, with Solana assets held by Coinbase Custody Trust Company.

The ETF will not participate in staking or validating SOL, focusing solely on the spot price.

Share prices will be updated every 15 seconds intra-day, with the daily value determined at 4:00 pm ET for clear investor valuation.

According to GSR Markets, approval of the Solana ETF could lead to price increases ranging from 1.4x to 8.9x.

For More English News Click Here Swipe up