🧾CoinShares Files for Spot Solana ETF—Institutional Frenzy Continues

🚨CoinShares just filed for a spot Solana ETF with the SEC—aiming to list it on Nasdaq.

📈The ETF would track SOL’s price via the CME CF Solana–Dollar Reference Rate, offering direct exposure.

🔐Assets will be held in cold storage by Coinbase Custody and BitGo—with some staked for rewards.

🧠Bloomberg’s Eric Balchunas pegs approval odds at 70%, but warns of delays.

💼Another big name entering the SOL ETF race... Institutions clearly smell something cooking.

#solana

#ETFs

#Bloomberg