European digital asset manager CoinShares has officially applied to the U.S. SEC for a Solana (SOL) spot ETF, accelerating the growing investor interest in altcoin-based funds.
Europe-based asset management firm CoinShares filed with the U.S. Securities and Exchange Commission (SEC) for a Solana ETF that will track SOL's price movements, trading on the Nasdaq exchange.
CoinShares’ filing follows closely on the heels of updated ETF applications from industry giants such as 21Shares, Bitwise, and Fidelity. Recent updates include staking provisions, which analysts believe could positively influence SEC approval likelihood.
Bloomberg's senior ETF analyst Eric Balchunas previously assessed a 70% chance of Solana ETFs gaining approval within this year. With U.S. regulatory conditions easing, investor interest in crypto-based investment products continues to rise, highlighting Solana’s popularity due to its efficient and developer-friendly blockchain ecosystem.
