‘s market performance over the last few years has attracted the attention of many Wall Street institutions recently. Hence, it is not surprising that some of them are now very keen on the idea of a spot Solana ETF.to list a Solana ETF in the United States. This filing closely follows a similar application submitted by its competitor – VanEck.
If the SEC classifies it as a security, 21Shares might withdraw its application altogether. This potential withdrawal would stem from the additional registration requirements that come with security ETFs, which 21Shares may be unwilling to meet.A potential spot Solana ETF is expected to boost the price of Solana , similar to how Bitcoin’s price surged after its spot ETF approval.by GSR Markets actually used Bitcoin’s 2.3x price hike as a jumping-off point.
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