CoinShares has filed an application for a Solana (SOL) Spot ETF with the SEC, indicating rising institutional investor interest.
CoinShares ETF Application
CoinShares officially filed an application with the U.S. Securities and Exchange Commission (SEC) on June 13, 2025, to create a Solana (SOL) Spot ETF. This initiative highlights the increasing interest of institutional investors in Solana assets.
Key Aspects of CoinShares ETF
CoinShares, a prominent European digital asset investment firm, has submitted its application for a Solana Spot ETF. The firm, already having launched Bitcoin and Ethereum ETPs, is now targeting institutional investors. The strategy calls for a non-staking custody model to meet SEC requirements.
Potential Impact of ETF Approval on SOL Market
Approval of the Solana ETF could boost institutional participation in the SOL market. Bloomberg analysts indicate a 90% likelihood of approval within a month. James Seyffart, an ETF analyst at Bloomberg, stated, "Approval could come within the next month."
CoinShares' application for the Solana Spot ETF could not only increase investor interest but also strengthen Solana's market presence.
