đ„Hot News! 21Shares becomes the second company to apply to launch a SOL ETF in the United States, joining VanEck. đBoth companies believe that Solana's native token should be considered a commodity. However, the SEC Enforcement Division has stated that SOL is actually a security. đ±This could be a significant obstacle to launching these funds.
It is reported that 21Shares' SOL will have its funds managed by Coinbase Custody. đThis is a development worth our attention as it could have a significant impact on the entire cryptocurrency market. đȘ
Although the market's attitude may fluctuate, we remain optimistic about Bitcoin. đNo matter how the market changes, we will continue to pay attention to blockchain global regulatory dynamics, industry trends, and cryptocurrency news. đ