21Shares submitted an S-1 application for a spot Solana exchange-traded fund (ETF) to the US Securities and Exchange Commission on 28 June. The 21Shares Core Solana ETF will be the name of the fund. After VanEck filed on 27 June this is the second application for a spot SOL ETF that the SEC has received. SOL staking is not allowed in the planned 21Shares Core Solana ETF.21Shares is a crypto-based financial technology startup based in Zurich, Switzerland. In collaboration with ARK Invest, it now provides future Ether ETH $3,379 and spot and future Bitcoin BTC $60,698 ETFs in the United States. The price of SOL increased dramatically from $139 to $150 upon the announcement of the VanEck filing. At 12:00 p.m. ET, it was trading about $141, according to Cointelegraph.On 31 May, 21Shares filed an application for the 21Shares Core Ethereum ETF, a spot ETH ETF, after ARK Invest’s termination of its collaboration with the business. The SEC accepted the ARK 21Shares spot ETH ETF 19b-4 filing on May 23. The fifth largest cryptocurrency is called SOL. The Solana blockchain has been under fire for frequent malfunctions and slow processing during periods of high demand, market capitalization stated
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