Bitwise Invest Enters Spot Solana ETF Race

Bitwise Invest Enters Spot Solana ETF Race (coingape.com, cryptobreifing.com)

Bitwise Invest has joined the competitive landscape for launching a spot Solana ETF, going up against firms like VanEck and Canary Capital. This initiative comes as Solana’s price hovers just 10% shy of its all-time high. Bitwise has registered a statutory trust for its proposed ETF with Delaware’s Division of Corporations, but it still needs to finalize additional filings with the U.S. Securities and Exchange Commission (SEC).

Interest in cryptocurrency ETFs is on the rise, with several major players submitting filings for assets such as Solana (SOL), Ripple's XRP, and Hedera (HBAR). Last week, Canary Capital made headlines by submitting the first filing for a spot HBAR ETF. Additionally, market analysts anticipate that Solana may exceed $300 by the end of the year, as traders eagerly await further developments that could drive the market higher.

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