21Shares follows VanEck as the second firm in as many days to seek SEC approval for a spot Solana ETF.
Investment firm 21Shares has filed an S-1 form with the U.S. Securities and Exchange Commission for a Solana -based exchange-traded fund, one day after rival VanEck submitted a similar filing.
"21Shares is excited by the potential for an ETF in the US that provides access to the Solana ecosystem. We believe this is a necessary step for the crypto industry and it holds true to our mission to bring to market easily accessible financial products centered around crypto assets,” Andrew Jacobson, head of legal at 21Shares, said in a statement shared with The Block.
The Zurich, Switzerland-based 21Shares already manages a physically-backed Solana Staking exchange-traded product with over $846 million in assets under management. It also manages a bitcoin ETF that trades on the Cboe BZX Exchange.
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