Bloomberg ETF analyst James Seyffart said in an interview before 21Shares became the second solana applicant, I think the VanEck application is a call option for the November election, and under the current SEC management - based on years of approval and denial orders for crypto ETFs - the solana ETF should be rejected because there is no federally regulated futures market. But a new administration in the White House and a new SEC administration that is more willing to abide by crypto policies c...
21Shares is the second company to file an SOL ETF with the Securities Exchange Commission. Like VanEck, the company also believes that Solana's native token should be considered a commodity. It is reported that the funds of the 21Shares SOL ETF will be hosted by Coinbase Custody. Andrew Jacobson, head of law at 21Shares, said that the launch of the Solana ETF by 21Shares is a necessary step for the crypto industry. Although there is legal precedent for including crypto tokens in CME futures cont...