#CoinShares Launches Staking ETF on Solana.

CoinShares has filed for a staking ETF for Solana ($SOL ) on the Nasdaq, planning to hold and stake its assets through BitGo. However, it presents a liquidity challenge: while the withdrawal of SOL can take days, ETF redemptions settle in one day, which could lead to execution risks if requests exceed the un-staked assets. Despite this, the ETF promises a return of 7-8% and aims to simplify access to staking.

An interesting move!