21Shares has now officially filed paperwork in hopes of launching a Solana (SOL) exchange-traded fund (ETF).
The fintech company submitted on Friday filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for the “21Shares Core Solana ETF,” which if approved would trade on the Cboe BZX Exchange.
Three years ago, the European subsidiary of 21Shares launched the world’s first Solana ETF in Europe, the 21Shares Solana Staking ETP (ASOL). The financial product has more than $846 million in assets under management as of June 27.
The fintech company say the recent SEC filing is “essential to democratizing access to crypto in the US.”
“We believe this is a necessary step for the crypto industry and it remains true to our mission to bring easily accessible financial products to the market that put crypto assets at the center.”
21Shares is the second company to file for a SOL ETF in the US this week. On Thursday, investment giant VanEck filed an S-1 registration statement with the securities regulator in hopes of launching its own “VanEck Solana Trust.” The product would also be listed on the Cboe BZX Exchange if ultimately approved by the SEC.
SOL is trading at $141.84 at the time of writing. The fifth-ranked crypto asset by market capitalization has fallen nearly 4% in the past 24 hours.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney