Breaking: CoinShares Files S-1 For Solana ETF With US SEC

In the latest development, CoinShares has filed with the US Securities and Exchange Commission (SEC) to offer a Solana ETF. This comes just days after other asset managers like Bitwise filed an amended S-1 with the Commission.

CoinShares Files To Offer Solana ETF With US SEC

A SEC filing shows that the asset manager has filed its registration statement for a Solana ETF with the Commission. This shows the firm’s intention to offer a fund that will provide institutional investors with exposure to SOL.

The 19b-4 form for the fund could come soon, with an exchange filing to list and trade shares of the CoinShares SOL ETF. This will officially begin the approval process for the crypto ETF.

This filing comes just days after the other prospective Solana ETF issuers, including Bitwise, Canary Capital, Grayscale, and Franklin Templeton, amended their S-1s to include staking. It is worth mentioning that Fidelity filed its S-1 for this fund on the same day others amended their registration statements.

CoinShares becomes the eighth firm to file to offer a SOL ETF. Invesco could become the ninth to do so as the asset manager recently registered the ‘Invesco Galaxy Solana ETF’ in Delaware.

Meanwhile, in an X post, Bloomberg analyst James Seyffart revealed his prediction that the SEC could approve the SOL ETFs next, seeing as this Commission has already asked issuers to amend their S-1s. Seyffart and his colleague Eric Balchunas believe that an approval could come within the next month.

Furthermore, the Bloomberg analysts claimed that the SEC may also want to act early on the Solana and staking ETF filings in response to Rex-Osprey’s attempt to use regulatory and legal workarounds to launch these products first.

In another X post, Balchunas commented on whether Larry Fink’s BlackRock could file for a Solana ETF soon. He stated that he has no intel on that and that it could go either way, with the largest asset manager choosing to file or not.