It is with no small measure of astonishment that I must inform you of CoinShares’ most recent venture into the rather exhilarating world of Solana ETFs. The firm has taken the audacious step of filing an S-1 with the esteemed U.S. Securities and Exchange Commission, thereby joining a veritable parade of illustrious asset managers who have set their sights upon this burgeoning domain. One might say, “What a time to be alive!”
In a delightful twist of fate, the ever-astute Bloomberg ETF analyst, Mr. Eric Balchunas, has shared this news on the platform known as X, remarking, “CoinShares is leaping into the Solana spot ETF race with a new filing this morning. I believe we are now up to eight contenders. Everyone is asking, ‘Wen Larry?’ Alas, I possess no such intelligence. My Spidey sense is rather unhelpful, as I could envision them filing, yet equally, I could see them not filing.” Ah, the uncertainty of it all! 😅
CoinShares is leaping into the Solana spot ETF race with a new filing this morning. I believe we are now up to eight contenders.
— Eric Balchunas (@EricBalchunas) June 16, 2025
Indeed, CoinShares has become the eighth entity to express interest in this thrilling escapade. Merely a day prior, the likes of Fidelity, Grayscale, VanEck, and Franklin Templeton had either submitted fresh filings or updated their existing ones. Each of these venerable institutions has made mention of staking in their documents, a clear indication that staking is becoming as commonplace as a cup of tea at five o’clock.
In a rather curious contrast to the recently sanctioned Ethereum ETFs, which rather unceremoniously abandoned staking to appease the SEC, these Solana ETF filings are boldly embracing the concept. Should they receive the coveted approval, these funds could potentially reap the rewards of staking in addition to the exposure to the price of SOL—something that both retail and institutional investors are likely to greet with open arms and perhaps a celebratory dance. 💃
With Solana’s rapidly expanding ecosystem, modest fees, and remarkable speed, it stands as a formidable contender for the title of the next great crypto ETF. However, as staking remains a rather murky regulatory matter, one can only speculate how the SEC shall respond to this concerted effort.
For the time being, the filings continue to pour in, and CoinShares has made its latest wager in this grand game of financial chess.
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2025-06-16 15:18