In a significant development in the Cryptocurrency industry, investment firm 21Shares has filed an S-1 registration form for its Spot Solana ETF with the US Securities and Exchange Commission (SEC). 21Shares' application follows similar filings by Bitcoin ETF issuer and asset manager VanEck on Thursday, indicating that there is increased interest in Solana as a potential Ethereum ETF competitor.

The 21Shares Core Solana ETF, as described in the filing, is designed to issue common shares of beneficial interest that will trade on the Cboe BZX Exchange. The investment objective is to track the Live price of SOL, providing investors with a convenient and cost-effective method to gain exposure to $SOL without making a direct investment in the asset.

It seems that in the future there will be more investment companies that will propose this newest product.

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