Canary

Solana

<h4><strong>These filings were made with CBOE, a Chicago-based options exchange, which is known for helping investors buy and sell different financial products. </strong></h4>
<p>The four funds making the move are: Vaneck US,&nbsp;<a href="https://www.altcoinbuzz.io/?s=21+Shares" target="_blank" rel="noopener noreferrer nofollow">21 Shares</a>,&nbsp;Bitwise Invest, and Canary Funds. But what does all of this mean for Solana ETFs? Let’s break it down.</p>
<h5><strong>Solana ETFs Make Crypto Investing Easier and Safer</strong></h5>
<p>An ETF is a way for people to invest in a cryptocurrency like Solana. This is without actually having to buy and store the crypto themselves. Instead of worrying about private keys and wallets, an ETF allows people to invest in Solana. Just like a regular stock. It’s a safe and easy way to dive into the world of crypto. Especially for those who are new to the game.</p>
<p><a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">SOL</a>, the cryptocurrency these ETFs are focused on, has been growing quickly. It’s now the third-largest cryptocurrency in the world, worth over $122 billion. Since its launch in 2020, Solana has become a popular choice for projects due to its fast speeds and lower costs. This has helped Solana process more than 50 million transactions every day. It’s generated over $540 million in revenue just this year alone.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING BIG: Four leading investment funds have submitted 19b-4 filings for <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Solana</a> ETFs with <a href="https://twitter.com/CBOE?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Cboe</a>, a Chicago-based options exchange.</p>
 <p>– Vaneck US<br> – 21 Shares<br> – Bitwise Invest<br> – Canary Funds <a href="https://t.co/8XSNfhHNO1" rel="noopener noreferrer nofollow">pic.twitter.com/8XSNfhHNO1</a></p>
 <p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1859897778048204853?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>So why are these funds filing for Solana ETFs? Well, the crypto world is changing fast, and many investors want a simple way to get in on the action without diving deep into the technical side of things. By filing with <a href="https://x.com/CBOE" target="_blank" rel="noopener noreferrer nofollow">CBOE</a>, these funds are showing that they believe in Solana’s future and want to make it easier for people to invest in the cryptocurrency.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Cboe files 19b-4s for both VanEck &amp; 21Shares Solana ETFs…</p>
 <p>Once SEC acknowledges these filings, the decision clock starts ticking. <a href="https://t.co/JsRBLjudyT" rel="noopener noreferrer nofollow">https://t.co/JsRBLjudyT</a> <a href="https://t.co/94RLLEiwbU" rel="noopener noreferrer nofollow">pic.twitter.com/94RLLEiwbU</a></p>
 <p>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1810410517522944415?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 8, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>If these ETF filings are approved, it could be a big win for Solana, helping more people get involved in the crypto world. These filings are just the beginning, and if they’re successful, other investment funds may follow suit, offering even more ways for people to invest in Solana.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/four-investment-funds-file-for-solana-etfs/" rel="noopener noreferrer nofollow">Four Investment Funds File for Solana ETFs</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Four Investment Funds File for Solana ETFs

Altcoin Buzz

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