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21Shares files for Solana ETF in the US

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21Shares has filed its S-1 for their Solana ETF in the US, describing it as a critical step towards democratising access to crypto in the US market.

The firm says that 21Shares has seen success with its SOL ETP in Europe, where it stands as the company’s largest product to date. 

Andrew Jacobson, VP, Head of Legal at 21Shares, says:  “21Shares is excited by the potential for an ETF in the US that provides access to the Solana ecosystem. We believe this is a necessary step for the crypto industry and it holds true to our mission to bring to market easily accessible financial products centred around crypto assets.

“We believe many cryptocurrencies qualify as eligible underlyings for 33′ Act ETFs. While including a crypto token in a CME futures contract has legal precedent, it should not be the sole criterion for ETF eligibility. We look forward to expanding access to crypto as an asset class and view the ETF wrapper as one way to do that.”

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