{"id":168249,"date":"2024-06-28T17:52:25","date_gmt":"2024-06-28T17:52:25","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=168249"},"modified":"2024-06-28T17:52:29","modified_gmt":"2024-06-28T17:52:29","slug":"the-race-for-a-solana-etf-has-begun-21shares-files-a-new-application","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/the-race-for-a-solana-etf-has-begun-21shares-files-a-new-application\/","title":{"rendered":"The Race for a Solana ETF Has Begun! 21Shares Files a New Application"},"content":{"rendered":"
TL;DR<\/p>\n
21Shares has formally filed its application<\/a> with the U.S. Securities and Exchange Commission (SEC) to launch a Solana<\/a> ETF, a popular blockchain known for its speed and scalability.<\/strong> The decision was made just days after VanEck<\/strong> began the process for its own SOL-based ETF. Competition has begun, and other asset managers are expected to join the list of potential issuers.<\/p>\n The ETF proposed by 21Shares, named the 21Shares Core Solana ETF,<\/strong> seeks to offer investors an accessible way to gain exposure to SOL <\/strong>without needing to directly acquire the cryptocurrency. ETFs are financial vehicles that simplify the investment process and can broaden institutional and retail investor access<\/strong> to growth opportunities offered by SOL.<\/p>\n Solana ETF #2 filed.. here we go again https:\/\/t.co\/DDmL3t8q0i<\/a><\/p>\n — Eric Balchunas (@EricBalchunas) June 28, 2024<\/a><\/p><\/blockquote>\n\n