CoinShares has officially entered the race to launch a spot Solana ETF in the United States. According to ETF analyst Eric Balchunas, the digital asset firm filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on June 13, becoming the eighth applicant in this growing sector.
The registration, titled “CoinShares Solana ETF,” follows similar filings from other major players, signaling surging institutional interest in Solana (SOL) exposure through regulated investment vehicles.
CoinShares’ entry comes amid broader momentum around Solana ETFs. Over the past few weeks, several asset managers have submitted applications, reflecting confidence in Solana’s market maturity and its rising profile as a Layer 1 blockchain.
Solana currently trades around $156, and optimism surrounding a potential ETF approval has contributed to steady price support, despite broader market volatility. The growing number of applications suggests rising institutional demand for Solana-based financial products, particularly from firms looking to expand beyond Bitcoin and Ethereum.
While the SEC has yet to approve any Solana spot ETF, the expanding list of applicants signals building pressure on regulators. The filings also indicate a shift in investor appetite, with more demand for diversified crypto exposure across compliant and accessible channels.
Should any Solana spot ETF receive approval, it would mark a milestone for the altcoin sector, potentially opening the door to billions in capital inflows.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/coinshares-files-for-solana-spot-etf/