CoinShares Registers Solana ETF, Approvals Expected Soon

CoinShares has officially filed for a Solana Exchange Traded Fund (ETF) in Delaware. This action comes as the U.S. Securities and Exchange Commission (SEC) is expected to approve new Solana ETFs by year-end, fueled by updated S-1 filings from issuers like CoinShares itself. The SEC’s request for updates on in-kind redemptions and staking practices suggests a swift approval process is underway.