Bitwise has submitted an S-1 form for a spot Solana ETF.
Solana is trading at $241, following a moderate spike of 3.18%.
The leading asset manager and ETF issuer, Bitwise Investment, has officially filed the S-1 form titled “BITWISE SOLANA ETF” with the U.S. Securities and Exchange Commission (SEC) in Delaware on November 20, 2024.
This filing positioned Bitwise with other asset managers, such as VanEck and Canary Capital, to directly expose investors to Solana, the fourth-largest cryptocurrency by market capitalization. Bitwise’s move likely reflects the growing institutional interest in Solana.
Matthew Sigel, VanEck’s Head of Digital Asset Research, mentioned the potential approval of a Solana ETF by the end of 2025, predicting “overwhelmingly high” odds of regulatory clearance.
Moreover, he believes the political landscape might be crucial in the SEC’s stance on crypto-related ETFs. Sigel pointed out that the Trump presidency, starting in January 2025,
We współpracy z: https://thenewscrypto.com/bitwise-seeks-approval-for-solana-etf-registration/
