🚀21Shares is making moves! They've filed an S-1 application with the SEC for a Solana (SOL) ETF, hot on the heels of VanEck's similar submission. This ETF is set to trade on the Cboe BZX Exchange, with Coinbase as the custodian. Unlike some, it won't engage in validating or staking SOL.👀

🕓The intraday share value will be recalculated every 15 seconds, with the SOL valuation determined daily at 4:00 pm ET. This is 21Shares' second SEC filing, following a spot ETH ETF application in May.

📈Following VanEck's filing, SOL's price jumped from $139 to $150. Despite criticism for frequent outages and transaction delays, SOL ranks as the fifth largest cryptocurrency by market cap.

🎉Exciting times ahead! What are your thoughts on this? Let's chat in the comments! #DeFi #Web3 #Technology