21Shares has officially filed documentation with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on Solana (SOL). The ETF, named “21Shares Core Solana ETF,” is slated to trade on the Cboe BZX Exchange pending approval.
Three years ago, 21Shares’ European counterpart introduced the world’s inaugural Solana ETF in Europe, known as the 21Shares Solana Staking ETP (ASOL), which currently manages over $846 million in assets as of June 27th.
According to 21Shares, the recent SEC filing is pivotal in democratizing crypto access in the United States. They expressed that it aligns with their mission to offer easily accessible financial products centered around crypto assets.
This move by 21Shares marks the second attempt this week to establish a SOL ETF in the U.S. VanEck, a major investment firm, also submitted an S-1 registration statement to the SEC on Thursday for its own “VanEck Solana Trust,” intending to list on the Cboe BZX Exchange pending regulatory approval.
As of the latest update, SOL is trading at $141.84, experiencing a nearly 4% decline over the past 24 hours.
