A quick look at the eight contenders for the Solana spot ETF

Penulis asli: Blockworks

Terjemahan asli: Felix, PANews

Badan Sekuritas dan Bursa Amerika Serikat Menukarkan Commission’s (SEC) approval of a spot Solana exchange-traded fund (ETF) appears to be in the final stages, with an initial group of seven potential issuers filing revised S-1 filings in recent days and a new entrant, CoinShares, joining the fray.

Notably, each document includes references to pledges, which, as previously reported, is required by the SEC to be included by issuers.

Sebagai kripto industry prepares for a third possible SEC-approved crypto ETF, here are the eight companies that have applied to launch a Solana ETF, ranked in order of first filing:

VanEck

VanEck was the first company to file for a Solana ETF about a year ago this month. At the time, some compared the filing to a call option on Trump’s victory in the November election, despite the SEC’s insistence that Solana was a security.

The bet paid off, but it could be a Pyrrhic victory if the SEC follows its precedent and approves mata uang kripto Dan ethereum exchange-traded funds (ETFs) simultaneously, rather than in the order in which they were submitted.

The bet paid off, but it could be a Pyrrhic victory if the SEC follows precedent and approves bitcoin and ether ETFs all at once, rather than in the order in which issuers first file.

To this end, VanEck has been advocating that the SEC adopt a first-to-file principle, believing that this is more conducive to innovation and competition.

VanEck taps Kiln to provide Solana staking services for its European exchange-traded products (ETPs).

Bacaan terkait: Institutional entry, tokenized stocks and liquidity changes: VanEck investment managers look ahead to the future of the crypto market

21 Shares

Two days after VanEck’s application, 21 Shares also submitted an application for the Solana ETF, and it also hopes that the SEC will adopt the “first to file” principle.

21 Shares’ planned Core Solana ETF will be traded on the Cboe BZX exchange, and redemptions will be made in the form of SOL tokens.

Coinbase is listed as a staking services provider mentioned in 21 Shares’ base prospectus filed in Europe.

Bacaan terkait: Spot ETF will be launched as early as July. Can Solana repeat the BTC script?

Canary Capital

Canary Capital filed for the SOL ETF just days before the U.S. election.

Canary Capital is smaller than some of the funds on this list, but has recently gained notoriety for filing for a variety of altcoin ETFs, including SUI, SEI, INJ, TRX, PENGU, HBAR, LTC, and XRP.

Bacaan terkait: Canary Capital frequently submits ETF applications. Has the copycat ETF application become a disguised advertising business?

Sedikit demi sedikit

Bitwise first filed for an exchange-traded fund (ETF) shortly after Trump’s election. In an interview, the company’s CEO Hunter Horsley called Solana an “incredible emerging asset and story.”

Bitwise also launched a Solana-based collateralized ETP in December, with Marinade providing collateral services. If the U.S. approves collateralized ETFs, this could bode well for Marinade.

Bacaan terkait: Bitwise Chief Investment Officer: Once a skeptic, now also wants to buy BTC

Skala abu-abu

Grayscale is looking to convert its SOL Trust into a spot ETF, similar to how it does with its Bitcoin and Ethereum Trusts. Currently, the GSOL Trust is trading at a premium to its net asset value, meaning investors are willing to pay a higher price for the product than the underlying SOL.

Last month, the SEC delayed its decision on Grayscale’s exchange-traded fund (ETF), saying it had not “reached any conclusion” on the 19b-4 filing for the proposed spot SOL ETF.

Bacaan terkait: Grayscale’s latest report: Q1 list performance was poor, Q2 focuses on RWA, DePIN and IP tokenization

Franklin Templeton

Franklin Templeton Investments offers exchange-traded funds (ETFs) for Bitcoin and Ethereum, and has filed paperwork for exchange-traded funds (ETFs) for SOL and XRP.

The $1.5 trillion fund has other crypto initiatives, including a small allocation to SOL in its Digital Asset Core SMA. Its Tokenized Money Pasar Fund also added support for Solana earlier this year.

The $1.5 trillion fund has also invested in a number of other crypto projects, and its crypto separately managed accounts (SMAs) have a small allocation to SOL. Its tokenized money market fund also gained support from Solana earlier this year.

Bacaan terkait: Behind the “undervalued” Solana DeFi: How to break the “ecological internal friction” between high-yield staking and lending protocols?

Kesetiaan

In the current competition, Fidelity is the giant. The assets under management of its Bitcoin exchange-traded fund (ETF) are second only to BlackRock, and the assets under management of its Ethereum ETF lag behind BlackRock and Grayscales Switch Trust.

Fidelity, a major provider of brokerage, trust and individual retirement accounts, will likely be a key driver of inflows into an approved SOL exchange-traded fund (ETF).

Bacaan terkait: The current state of the alt-ETF boom: a detailed look at crypto ETF applications for 2025

Berbagi Koin

CoinShares is the latest to join the race for a Solana exchange-traded fund (ETF), joining the fray as existing issuers race to file amended S-1 forms.

This European asset management company focusing on cryptocurrencies has currently launched an ETP for BTC, ETH and a series of altcoins – Tezos ETP. Does anyone want to try it?

The European cryptocurrency-focused asset manager has launched exchange-traded products (ETPs) for BTC, ETH, and a range of altcoins.

This article is sourced from the internet: A quick look at the eight contenders for the Solana spot ETF

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