21Shares filed for registration of an exchange-traded fund (ETF) for Solana (SOL) with the US Securities and Exchange Commission (SEC) on June 28. The fund will be called 21Shares Core Solana ETF. This is the second ETF bid for SOL, following VanEck's June 27 bid. 😮

The ETF will trade on the Cboe BZX Exchange. Coinbase will be the custodian of the fund's SOL assets, which will be privately insured. The Foundation will not be involved in validating or staking SOL.

SOL's price quickly rose from $139 to $150 following news of VanEck's bid. It settled at $141.58 as of 12:00 pm ET, according to CoinMarketCap.

This is a developing story and more information will be added as it becomes available.