The Solana has risen about 1% over the last 24 hours, trading near $139 as of 4:00 a.m. EST, amid news that 21Shares filed for a SOL ETF and Cboe approved its registration and listing. This development comes as liquidity and access to SOL exposure expand for investors through regulated products.
Key developments
- The SOL price ticked up roughly 1% in the past 24 hours, with trading volume showing a notable daily decline, indicating a potential consolidation phase after recent moves.
- 21Shares filed its final prospectus for a new spot Solana ETF in the United States, signaling intent to offer regulated SOL exposure to a broader investor base.
- The Chicago Board Options Exchange (Cboe) has approved the listing and registration of the 21Shares SOL ETF, paving the way for trading to commence soon after the prospectus becomes effective.
“The fund is now cleared for trading,” an industry source noted, highlighting that regulatory approvals are in place for an imminent launch.
Comparative context
- This SOL ETF joins several existing Solana-linked products from other managers, contributing to a growing lineup of crypto ETFs aiming to provide easier access to SOL without direct coin ownership.
- Notable recent launches in the space include other Solana-focused ETFs with varying management fees, making the sector competitive for both issuers and investors.
Fees and accessibility
- The new 21Shares SOL ETF is reported to carry a competitive management fee (around 0.21%), which positions it among the lower-fee Solana ETF options in the market.
- Upon listing, investors can typically access the ETF through standard brokerages and banks, enabling straightforward SOL exposure without managing private keys or exchanges directly.
Outlook
With regulatory clearance complete and listing approvals in place, the SOL ETF could begin trading imminently, potentially increasing institutional and retail participation in Solana through a familiar ETF structure.
Авторское резюме: В условиях регуляторного одобрения и листинга SOL ETF, доступ SOL через регулируемые фонды расширяется, что может поддержать дальнейшее движение SOL при сохранении рыночной волатильности.