Solana Sees Two ETF Applications From VanEck and 21Shares

Krutika Adani

Solana ETF Applications on Rise

After Bitcoin and Ethereum, Solana sees a major interest from spot ETF providers with two new applications.

21Shares File Second Solana ETF Application

21Shares, which has an active spot Bitcoin ETF and an Ethereum ETF due for approval, has also filed its application for a Solana ETF.

Why Solana Has Been a Top Choice for ETF

Due to its high ecosystem growth, top-grade security, and highly scalable blockchain, Solana has attracted institutional attention.

Impact on Price

Solana ETFs might easily carry SOL’s price above $200. As of press time, Solana looks to cross $150 after crossing a major resistance at $147.

Are Solana ETFs a Distant Reality?

For Solana ETFs to be a reality soon, the SEC needs to approve them at least by 2024. However, several experts think that the ETFs might not be possible, at least in 2024.