Solana ETF Application Filed with SEC
Solana ETF: 21Shares Seeks SEC Approval 21Shares has submitted a registration statement for a Solana exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This ETF, set to trade on the Cboe BZX Exchange, will use Coinbase Custody Trust Company for the secure custody of SOL. Notably, VanEck has also recently filed for a Solana ETF with the SEC.
21Shares Registers Solana ETF for Cboe BZX Exchange Listing
On Friday, asset management firm 21Shares filed Form S-1 (registration statement) with the U.S. Securities and Exchange Commission (SEC) for the 21Shares Core Solana ETF (the Trust), which will be listed on the Cboe BZX Exchange.
The 21Shares Core Solana ETF, structured as a Delaware statutory trust and sponsored by 21Shares U.S. LLC, aims to:
“Track the performance of SOL, the native digital asset of the Solana blockchain, adjusted for the Trust’s expenses and other liabilities.”
This ETF is designed to give investors exposure to SOL without the need for direct investment in the cryptocurrency. It will utilize Coinbase Custody Trust Company, a regulated third-party custodian, for the secure storage of SOL. The Trust will manage the creation and redemption of shares through authorized participants by accepting or transferring cash, which will then be used to buy or sell SOL as necessary.
