Solana Jumps Ahead of First SOL ETF Hitting the Market This Week

Solana

Referred to as on Monday morning about 5% within the midst of rumors {that a} SOL strike Change-Commerce Fund (ETF) Because of Rex shares and Osprey funds might begin buying and selling available on the market as quickly as Wednesday.

The token fell again later and now acted round 2.3% within the final 24 hours at $ 157 on the time of the press.

A spokesperson for Osprey confirmed to Coindesk that the “Fund will launch on Wednesday”, After a message on X by the automated headline account “unfolded”.

Final week, Rex a letter submitted With the Securities and Change Fee (Sec) Questions if there have been feedback for his or her submission. Later that day the asset supervisor positioned on X that the ETF was “Soon“Means that the SEC had no additional feedback.

The Rex-Esprey Sol+strike ETF could be the primary of its type within the US who nonetheless waits completely different emptents for approval for a spot-sol ETF that might most likely additionally embody the strike choices.