CoinShares Files S-1 for Spot Solana ETF, SOL Price Targets $300?
The post CoinShares Files S-1 for Spot Solana ETF, SOL Price Targets $300? appeared on BitcoinEthereumNews.com. Key Insights: CoinShares submitted its S-1 form to the U.S. SEC, joining other ETF issuers in the race to launch spot Solana ETF. Bloomberg analysts confirmed details on staking and risks, but the filing still lacked fees, ticker, and other crucial details, expecting a new filing. Analysts are bullish on SOL price hitting $300 after approval, but a popular analyst pointed out a bullish pattern targeting $298. CoinShares has submitted its S-1 form to the U.S. Securities and Exchange Commission (SEC) to launch a spot Solana ETF. It has joined the race with seven other spot Solana ETF issuers such as Fidelity, Grayscale, Bitwise, and Canary filed updated S-1 on last Friday. The move fueled a recovery in the SOL price and Solana-based crypto tokens. The bullish sentiment has prompted analysts to target SOL price target as high as $300. CoinShares Updates Spot Solana ETF Filing European asset manager CoinShares submitted Form S-1 to launch its spot Solana ETF, as per a filing with the US SEC on June 16. The filing mentions CoinShares Co as the sponsor, with Coinbase Custody and BitGo Trust as custodians. The filing also disclosed plans to stake a portion of the fund’s SOL holdings. CoinShares became the eighth issuer to seek SEC approval for a spot Solana ETF. Other filers include VanEck, 21Shares, Bitwise, Franklin Templeton, Canary Capital, Grayscale Investments, and Fidelity Investments. Bloomberg senior ETF analyst Eric Balchunas confirmed CoinShares jumping into the Solana spot ETF race by saying, “I think we are up to 8 now.” Moreover, Bloomberg ETF analyst James Seyffart commented on how staking could impact spot Solana ETF flow. He said “If they include staking the net flows could be better out the gate vs ETH’s launch. If they launch without staking i’d prolly say very unlikely.” The two…
The post CoinShares Files S-1 for Spot Solana ETF, SOL Price Targets $300? appeared on BitcoinEthereumNews.com.
Key Insights: CoinShares submitted its S-1 form to the U.S. SEC, joining other ETF issuers in the race to launch spot Solana ETF. Bloomberg analysts confirmed details on staking and risks, but the filing still lacked fees, ticker, and other crucial details, expecting a new filing. Analysts are bullish on SOL price hitting $300 after approval, but a popular analyst pointed out a bullish pattern targeting $298. CoinShares has submitted its S-1 form to the U.S. Securities and Exchange Commission (SEC) to launch a spot Solana ETF. It has joined the race with seven other spot Solana ETF issuers such as Fidelity, Grayscale, Bitwise, and Canary filed updated S-1 on last Friday. The move fueled a recovery in the SOL price and Solana-based crypto tokens. The bullish sentiment has prompted analysts to target SOL price target as high as $300. CoinShares Updates Spot Solana ETF Filing European asset manager CoinShares submitted Form S-1 to launch its spot Solana ETF, as per a filing with the US SEC on June 16. The filing mentions CoinShares Co as the sponsor, with Coinbase Custody and BitGo Trust as custodians. The filing also disclosed plans to stake a portion of the fund’s SOL holdings. CoinShares became the eighth issuer to seek SEC approval for a spot Solana ETF. Other filers include VanEck, 21Shares, Bitwise, Franklin Templeton, Canary Capital, Grayscale Investments, and Fidelity Investments. Bloomberg senior ETF analyst Eric Balchunas confirmed CoinShares jumping into the Solana spot ETF race by saying, “I think we are up to 8 now.” Moreover, Bloomberg ETF analyst James Seyffart commented on how staking could impact spot Solana ETF flow. He said “If they include staking the net flows could be better out the gate vs ETH’s launch. If they launch without staking i’d prolly say very unlikely.” The two…
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