CandleFocus Bitwise Enters Spot Solana ETF Race with SEC Filing, What’s Next?
2024-11-21
Author: Content Editor
Asset manager Bitwise has reportedly filed for a Solana ETF Trust in Delaware, joining other managers in the race for approval of a Spot Solana ETF. The filing, submitted to the US SEC, offers investors the opportunity to access Solana through a traditional brokerage account. However, skepticism remains about the filing's authenticity and market implications, as ETF experts have not commented on the news. Despite this, Matthew Sigel, head of digital asset research at VanEck, believes the chances of a spot Solana ETF being approved in 2025 are high. Currently, Solana is trading at around $237.80 with no change in the past 24 hours.
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