๐21Shares is shooting for the stars, filing an S-1 application with the SEC for a Solana ETF, hot on the heels of VanEck's similar filing. This ETF, dubbed the 21Shares Core Solana ETF, will be trading on the Cboe BZX Exchange, with Coinbase holding the keys to the SOL vault. ๐๏ธ
No staking or validating SOL here, folks! Just pure, unadulterated SOL value, determined daily at 4:00 ET.
The SOL price did a little happy dance ๐, jumping from $139 to $150 on the VanEck news, before settling at $141.58.
Stay tuned for more updates on this exciting development! And hey, why not share your thoughts below? ๐ค๐ฌ