CoinShares has officially filed for a Solana ETF, becoming the eighth player in this market in the U.S. The article highlights other applicants and the growing interest in staking.
CoinShares' ETF Application for Solana
CoinShares filed for a Solana ETF on June 14 by registering its interest in an S-1 form with the U.S. Securities and Exchange Commission (SEC), thereby becoming the eighth applicant for this ETF in the U.S.
Where is the BlackRock Filing?
CoinShares joins companies like Fidelity, Grayscale, VanEck, and Franklin Templeton, which had filed similar applications earlier. Bloomberg ETF analyst Eric Balchunas remarked that, despite the emergence of the eighth filer, there is still no information on when BlackRock will file its Solana ETF. He stated, 'I don’t know, no intel. My Spidey sense is not helpful either.'
Canary Capital Partners with Marinade Finance
Canary Capital has taken a bolder step towards its Solana ETF by partnering with Marinade Finance, a popular SOL staking platform. This partnership has led to the fund being renamed the Canary Marinade Solana ETF, allowing the ETF to include SOL staking, which is becoming a standard among new funds. However, all applicants are waiting for the regulator’s decision, as the SEC has postponed its ruling, stating it awaits public comments.
In conclusion, the demand for Solana ETFs continues to grow, attracting more companies to this segment of the market. The inclusion of staking is becoming an important aspect of offerings, reflecting a shift in investment perspectives in digital assets.
