Crypto firm 21Shares has submitted an application to the US Securities and Exchange Commission (SEC) for a Solana (SOL) exchange-traded fund (ETF), hot on the heels of VanEck's similar filing. The proposed 21Shares Core Solana ETF will trade on the Cboe BZX Exchange, with Coinbase acting as custodian for the fund's SOL holdings. Notably, the fund will not engage in validating or staking SOL. The value of SOL within the fund will be determined daily at 4:00 ET. Following the news, SOL's price jumped from $139 to $150 before settling at $141.58. More updates to follow.