CoinShares Submits Spot Solana ETF Application to US SEC

Odaily Planet Daily reported that European digital asset management firm CoinShares has submitted an application to the US SEC for a Solana spot ETF (SOL ETF). This comes less than a week after seven institutions, including 21Shares and Bitwise, updated and resubmitted related applications. Previously, Bloomberg senior ETF analyst Eric Balchunas predicted that the probability of such products being approved this year is as high as 70%. (Decrypt)