🚨 LAST MINUTE:

CoinShares has officially filed an S-1 application for a $SOL ETF in the USA!

This is the first official step taken to establish the legal groundwork for a Solana-based spot ETF.

The S-1 form is the document required for the public offering of an ETF that is submitted to the U.S. Securities and Exchange Commission (SEC).

📌 For those who don't know, what does this mean?

CoinShares wants to launch a spot Solana ETF and is waiting for SEC approval. This development could open the path for institutional investment in Solana.

If the SEC approves this application, just like #Bitcoin and #Ethereum, Solana will also have entered the radar of institutional investors.