The 21Shares Core Solana ETF is a proposed exchange-traded fund designed to provide investors with exposure to Solana (SOL). The ETF is intended to trade on the Cboe BZX Exchange, similar to other Solana ETF proposals like the VanEck Solana Trust. The filing for this ETF was part of a series of Solana ETF applications submitted to the U.S. Securities and Exchange Commission (SEC).
The 21Shares Core Solana ETF would redeem shares in-kind, meaning in Solana rather than cash, which is consistent with other exchange-traded products for spot-market commodities. Despite the filing, the SEC has been hesitant to approve Solana ETFs, primarily because it has previously classified Solana as a security in certain legal cases against crypto exchanges.
The ETF filing reflects a growing interest in Solana as an investment vehicle, but its approval depends on regulatory developments and changes within the SEC.
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