21Shares has officially filed paperwork to launch a Solana (SOL) exchange-traded fund (ETF). The fintech firm submitted a registration statement with the U.S. Securities and Exchange Commission (SEC) for the “21Shares Core Solana ETF,” which would trade on the Cboe BZX Exchange if approved.
Three years ago, 21Shares’ European affiliate launched the world’s first Solana ETF in Europe, the 21Shares Solana Staking ETP (ASOL), which has over $846 million in assets under management. The recent SEC filing is seen as a move to democratize access to crypto in the US.
21Shares is the second firm to file for a SOL ETF in the US this week. The investment giant VanEck also submitted an S-1 registration statement for its “VanEck Solana Trust” on the same exchange.
SOL is currently trading at $141.84, down almost 4% in the past 24 hours.
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