ARK 21Shares file for a spot Solana ETF – but there’s a catch
Share link:In this post: ARK Invest and 21Shares filed for a spot Solana ETF, but it will be terminated if Solana is classified as a security and regulatory requirements are not met. The ETF’s success depends on regulatory approval and compliance with potential future requirements.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultat
ARK Invest and 21Shares have officially filed for a spot Solana ETF. This move aims to make Solana more accessible to investors through traditional markets. However, the filing comes with a major caveat.
If SOL is eventually deemed a security and the sponsors choose not to comply with the necessary regulatory requirements, the ETF will be terminated.
This condition makes the application uncertain as it relies heavily on future regulatory decisions, and the SEC doesn’t have the best track record when it comes to crypto.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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