21Shares becomes second major firm to apply for a spot Solana ETF this week
21Shares is the second major firm to file an application for a spot Solana ETF this week, and the third this month.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
The firms said there is a growing instutional and retail interest in digital assets.
Market experts believe the Solana ETF has chances of approval if there is a leadership change.
BloFin said the impending Ethereum ETFs has shifted the spotlight to ETH as investors pivot from Bitcoin.
Hougan said the $15 billion estimate would be an historic success as only four ETFs have reached that number since 2020.
VanEck believes the zero fees will help establish a strong market presence and lower the barrier of entry for new investors.
Pantera could potentially invest $100 million in Bitwise's spot Ethereum ETF driven by the firm's growing optimism in the digital asset.