CoinShares Files for Spot Solana ETF, Proposes Staking Integration
CoinShares has entered the competitive race for spot Solana exchange-traded funds (ETFs) in the United States. The digital asset manager submitted a Form S-1 registration statement to the US Securities and Exchange Commission (SEC), marking its intent to list a spot Solana ETF for public trading. The application, submitted via the SEC’s EDGAR system, identifies […]
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CoinShares FTX Physical Staked Solana will be listed on Germany’s major digital market Xetra and is the fourth ETP rolled out by CoinShares this year. CoinShares, one of the largest crypto investment firms in Europe, and FTX crypto exchange have united forces to launch a new physically-backed Solana (SOL) exchange-traded product (ETP).The new product, titled CoinShares FTX Physical Staked Solana, is launching with 1 million SOL in seed capital, allowing investors to get 3% in staking rewards, CoinShares officially announced on Wednesday. The new cryptocurrency ETP is the first initiative....
In a significant move that marks a new milestone for the entire cryptocurrency industry, leading asset manager and Bitcoin Exchange-Traded Fund (ETF) issuer VanEck has officially filed the first-ever Spot Solana ETF with the US Securities and Exchange Commission (SEC). VanEck Files For Spot Solana ETF The Solana ETF filing announcement was made by Matthew […]
SushiSwap is exploring integrating with high-speed AMM, Raydium, on Solana to alleviate high gas fees. Major decentralized exchange SushiSwap is the latest to consider action to mitigate Ethereum’s extreme transaction fees, and it involves a potential port to the Solana blockchain.A proposal, which was posted to the SushiSwap forum on Feb. 22 under the codename ‘Bonsai,’ suggests building out the platform on the Solana ecosystem. The integration is intended to mitigate Ethereum's skyrocketing transaction fees, which have spiked to new all-time highs over the past 24 hours.The proposal....
Canada is now the first country to launch a Solana spot ETF with staking. The Ontario Securities Commission (OSC) has approved four asset managers to offer the new spot Solana: Purpose, Evolve, CI, and 3iQ. The Solana ETF will invest in physical $SOL long-term and stake them to earn more rewards. This will result in better returns than Ether staking. Read on to discover how this development could affect the larger crypto market. We’ll also talk about the Solaxy presale and how it’s at the center of Solana’s potential rise. ETF Race Heats Up The SEC approved a Bitcoin-pegged ETF....
In the latest weekly report “Digital Asset Fund Flows” from CoinShares, Bitcoin and Solana are emerging as leaders in institutional inflows, indicating sustained interest from sophisticated investors in the cryptocurrency market. James Butterfill, head of research at CoinShares, elaborated on the trend: “Digital asset investment products saw inflows totaling $176 million last week, marking an […]