21Shares Files S-1 Form to Launch a Spot Solana ETF in US
21Shares has submitted an S-1 form to the US Securities and Exchange Commission for an exchange-traded fund (ETF) that will be based on Solana.
This comes one day after rival firm VanEck made a similar filing. This filing by 21Shares falls in line with predictions from analysts who believed that VanEck’s filing on June 27 would open the doors for other companies to launch Solana-based funds.
In a statement, Andrew Jacobson, head of legal at 21Shares, expressed excitement about the potential of a Solana ETF in the US and how it aligns with the company’s mission to make crypto assets more accessible through financial products.
21Shares, based in Zurich, Switzerland, already has a physically-backed Solana Staking exchange-traded product with over $846 million in assets under management. They also manage a bitcoin ETF that is listed on the Cboe BZX Exchange.
