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Which company will have the first spot Solana ETF approved by the SEC by the end of 2025?
2
Grayscale Investments•Grayscale Solana Trust•Solana•Grayscale•Solana Trust•DeFi•VanEck•21Shares•Canary Funds•Bitwise
Resolution / Starting Odds
Grayscale • 25%
VanEck • 25%
21Shares • 25%
Other • 25%
Official announcements from the U.S. Securities and Exchange Commission (SEC)
Story
Grayscale Seeks to Convert $134M Solana Trust to Spot ETF; SOL Price Surges
Dec 3, 2024, 09:33 PM
Grayscale Investments has filed with the U.S. Securities and Exchange Commission to convert its existing Grayscale Solana Trust into a spot Solana ETF to be listed on the New York Stock Exchange Arca. Grayscale's Solana Trust currently holds $134.2 million in assets, making it the world's largest Solana investment fund. Following the announcement, Solana's price surged 12%. Solana is up 260% in 2024, with its DeFi total value locked (TVL) reaching $9 billion. Other firms, including VanEck, 21Shares, Canary Funds, and Bitwise, have also applied for approval of spot Solana ETFs. The filing represents a significant step in opening up institutional access to Solana and reflects the growing interest in the cryptocurrency.
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Grayscale • 25%
21Shares • 25%
Bitwise • 25%
Other • 25%
Canary Capital • 33%
VanEck • 33%
21Shares • 33%
Other • 1%
VanEck • 33%
21Shares • 33%
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Canary Capital • 33%
VanEck • 33%
21Shares • 33%
None • 1%
VanEck • 25%
21Shares • 25%
Canary • 25%
Bitwise • 25%
Bitwise Invest • 25%
VanEck • 25%
21Shares • 25%
Canary Capital • 25%
Bitwise • 33%
VanEck • 33%
Canary Capital • 33%
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Canary Capital • 25%
VanEck • 25%
21Shares • 25%
Other • 25%
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