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21Shares Applies for SOL ETF Amid SEC Classification Challenges
Summary: 21Shares has become the second company to apply for launching a SOL ETF in the United States. Following VanEck, 21Shares also believes that Solana's native token should be classified as a commodity. However, the U.S. Securities and Exchange Commission's (SEC) Enforcement Division has declared that SOL is a security, which could pose a significant obstacle ...
21Shares has become the second company to apply for launching a SOL ETF in the United States. Following VanEck, 21Shares also believes that Solana's native token should be classified as a commodity. However, the U.S. Securities and Exchange Commission's (SEC) Enforcement Division has declared that SOL is a security, which could pose a significant obstacle to the launch of these funds. Reports indicate that the 21Shares SOL ETF will be managed by Coinbase Custody. This development follows a growing interest in cryptocurrency ETFs, despite regulatory challenges.
Tags: 21Shares,ETF,SEC,VanEck
Link: 21Shares Applies for SOL ETF Amid SEC Classification Challenges [Copy]
