The race for Spot Solana ETFs approval has intensified as 21Shares filed a proposal with the US Securities and Exchange Commission for the approval of an ETF based on the spot price of Solana (SOL). The US-based Spot Solana ETFs will be available to trade on ETFSwap (ETFS) should the SEC deem 21Share’s application worthy of approval.
ETFSwap (ETFS) Revolutionizes Tokenized Asset Trading With AI and DeFi Integration
ETFSwap (ETFS) is a platform designed to help traders and investors access tokenized ETFs while empowering them to make maximum profits from their investments. Thanks to the platform’s nativity to the highly scalable and secure Ethereum blockchain, users can manage their investments with real security, transparency, and efficiency.
ETFSwap’s (ETFS) mission of providing the best ETF trading platform has led it to constantly update its list of available ETFs. Therefore, traders and investors have access to a wide range of assets, including bonds, equity, etc., and crypto ETFs such as Bitcoin ETFs, and Spot Solana ETFs when they eventually launch.
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ETFSwap (ETFS) also comes with several features designed to help investors and traders have the best experience investing and trading on the platform. The DeFi backbone of the platform allows investors to enjoy the benefits of decentralization despite transacting in traditional assets.
One such benefit is in ETFSwap’s fully DeFi mode crypto swaps, which allows traders and investors to trade cryptocurrencies on the platform without passing through centralized intermediaries. Also, ETFSwap (ETFS) leverages its decentralization to provide 24/7 access to real-time market data so traders can rapidly respond to fluctuations in the market.
21Shares Files Spot Solana ETFs Proposal With The SEC
A document making its rounds on the internet has confirmed that 21Shares, a provider of crypto investment products, has filed a proposal for Spot Solana ETFs with the SEC on Friday. The news came just one-day following VanEck’s filing a similar proposal, showing the heightened interest in crypto ETFs, especially Spot Solana ETFs.
Solana is the fifth-largest cryptocurrency by market capitalization, so it is no surprise that the blockchain is a top contender for ETF support. Since the news of 21Shares’ proposal broke, Solana has made a 10.06% jump over last week’s price and is currently trading at $152.77.
21Shares expressed its excitement to provide access to the Solana ecosystem through US-based Spot Solana ETFs. 21Shares is prominent in the financial sector for encouraging exposure to crypto assets through exchange-traded products. It already has a Spot Bitcoin ETF and ARK 21Shares Bitcoin ETF (ARKB). The firm is also one of the nine awaiting the SEC’s approval of its spot Ethereum ETF.
Additionally, 21Shares’ current offerings include a Solana Staking ETP on European exchanges that trails Solana’s performance and captures staking yields to be reinvested in the fund. That ETP has over $846 million in assets under management, while its Bitcoin ETF, ARKB, has attracted over $2.4 billion in capital inflows.
Conclusion
21Shares’ entry into the race for Spot Solana ETFs further fuels the surging interest in crypto ETFs. If the day comes when Spot Solana ETFs receive full SEC-backing, ETFSwap (ETFS) is prepared to help traders and investors access the investment vehicles and maximize their gains.
Smart investors and traders are positioning themselves to profit massively by joining the ETFSwap (ETFS) token presale. The token is currently selling at the discounted price of $0.01831, the lowest it will ever be. You can use the ongoing 40% bonus promo to accumulate more tokens today.
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