The Race for a Spot Solana ETF Intensifies as European Giant CoinShares Files in the US

Description

CoinShares is the eighth firm to file for a U.S. spot Solana ETF with the SEC in 2025. SEC now requires ETF issuers to address staking and redemption in updated Solana filings. Solana’s TVL has reached $8.7B, making it the second-largest programmable blockchain. The race to launch a spot Solana ETF in the United States has intensified, as major European asset manager CoinShares has officially filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC), on June 11, 2025. The move is f...