Swiss-based crypto issuer 21Shares has submitted an application for a Solana exchange-traded fund (ETF). The application was filed with the US Securities and Exchange Commission (SEC) in an effort to offer investors exposure to the Solana cryptocurrency.
If approved, the Solana ETF would provide a convenient way for investors to invest in Solana without having to directly purchase and store the digital asset themselves. This move by 21Shares reflects the growing interest in Solana, which has gained popularity among crypto enthusiasts for its fast transaction speeds and low fees.
With the increasing demand for cryptocurrency investment options, the filing of a Solana ETF application could potentially attract more investors to the crypto space. However, it is important to note that the approval process for ETFs can be lengthy and complex, so it may take some time before the Solana ETF is available for trading.
Overall, the filing of the Solana ETF application by 21Shares demonstrates the company’s commitment to providing innovative investment opportunities in the rapidly evolving crypto market.