CoinShares has taken a significant step towards launching a Solana exchange-traded fund (ETF) in the United States by registering a new entity in Delaware.
The registration leverages Delaware’s business-friendly regulatory environment, positioning CoinShares to pursue a regulated Solana ETF product for U.S. investors.
A Solana ETF would provide U.S. investors with regulated exposure to Solana’s blockchain ecosystem through traditional brokerage platforms.
Solana’s high transaction throughput, low fees, and rapidly expanding decentralized finance (DeFi), non-fungible token (NFT), and gaming ecosystems are cited as key factors making it a strong candidate for an ETF.
This move signals growing institutional interest in regulated crypto investment products despite ongoing regulatory uncertainty.
The U.S. Securities and Exchange Commission (SEC) remains cautious about approving crypto ETFs beyond Bitcoin, citing concerns over market manipulation and custody security.
CoinShares’ existing experience managing European Solana exchange-traded products (ETPs) provides a foundation for navigating the complex U.S. regulatory landscape.