After Donald Trump was elected President of the United States, the cryptocurrency market welcomed a new atmosphere. The Solana ETF, once considered out of reach, is now rapidly becoming a reality. Cryptocurrency investment firm Bitwise officially submitted an application to the SEC on Thursday, officially entering the Solana ETF competition.
Bitwise just recently submitted the relevant documents to establish a Solana ETF trust institution in Delaware, and then on November 21, submitted an S-1 registration statement to the SEC, becoming the fourth fund company to apply for a Solana ETF, following Canary Capital (which submitted an application in October), VanEck, and 21Shares (which submitted an application in June).
According to the latest application documents, BNY Mellon will act as the trust administrator for Bitwise's Solana ETF.
Earlier this year, Bitwise successively launched Bitcoin and Ethereum spot ETFs, and has already submitted a listing application for a Ripple spot ETF. This time, it is turning its attention to Solana, once again demonstrating the company's courage to challenge market hotspots.
Solana has become the focus of this bull market this year thanks to meme coins and the DeFi craze, with the price of SOL breaking through $260 today, setting a new historical high.
"Bitwise joins the Solana ETF competition and officially submits a listing application" was first published by (Blockke).
