Bitwise has announced its intention to launch a Solana ETF in the United States, joining other firms in the competitive race to offer cryptocurrency-based ETFs. This move signifies a growing interest in Solana as a digital asset and reflects the increasing demand for diversified crypto investment options.

According to TechFlow, on November 22, Bitwise CEO Hunter Horsley stated in an interview reported by Blockworks that Solana is "an incredible emerging asset and story," and is expected to be the "next big opportunity" that Bitcoin ETF investors are looking for. The company has registered a SOL ETF statutory trust in Delaware, becoming the fourth institution to apply for a spot SOL ETF, following VanEck, 21Shares, and Canary Capital.
Horsley mentioned that the U.S. presidential election is "absolutely" a significant consideration for the company's application for the SOL ETF at this time. After a year of in-depth consideration, now is a "constructive time" to communicate with regulators. FOX Business reported that the SEC has begun to actively engage with spot SOL ETF applicants, which is in stark contrast to its stance in August when it rejected Cboe's 19b-4 application.

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According to a report by Blockworks on November 22, Hunter Horsley, CEO of the crypto asset management company Bitwise, stated in an interview that Solana is "an incredible emerging asset and story" and is expected to become the "next major opportunity" that Bitcoin ETF investors are looking for. The company has registered a SOL ETF statutory trust in Delaware, becoming the fourth institution to apply for a spot SOL ETF, following VanEck, 21Shares, and Canary Capital.
Horsley mentioned that the upcoming U.S. presidential election is "absolutely" an important consideration for the company in applying for the SOL ETF at this time. After a year of in-depth consideration, now is a "constructive period" for communicating with regulators. FOX Business reported that the SEC has begun actively communicating with applicants for spot SOL ETFs, which contrasts sharply with its stance in August this year when it rejected the Cboe exchange's 19b-4 application.
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Bitwise CEO: Solana Will Be the "Next Major Opportunity" for Bitcoin ETF Investors

Bitwise Asset Management is making strides towards launching a Solana (SOL) ETF, having registered a statutory trust in Delaware. This move positions Bitwise as the fourth firm interested in a spot SOL ETF, following VanEck, 21Shares, and Canary Capital. Bitwise CEO Hunter Horsley highlights Solana as a standout success in the current crypto market cycle, appealing to clients seeking new investment opportunities. Despite the absence of a regulated futures market for Solana in the US, a potentially more crypto-friendly administration could facilitate the approval of SOL ETFs. The SEC's recent engagement with spot SOL ETF applicants marks a shift from its previous rejections. Bitwise's decision to file is influenced by the changing regulatory landscape, including SEC Chair Gary Gensler's resignation. The firm already offers a Solana ETP in Europe, acquired through ETC Group, and aims to provide US investors with regulated exposure to SOL. Solana could become the third cryptocurrency to have a US-traded ETF, following Bitcoin and Ether. Horsley remains optimistic about Solana's potential, viewing it as an "incredible emerging asset and story."

 The crypto-focused asset manager Bitwise took an initial step toward launching a SOL ETF yesterday when it registered a statutory trust in Delaware. Bitwise becomes the fourth firm to show interest in a spot SOL ETF following earlier filings from VanEck, 21Shares and Canary Capital.    I spoke with Bitwise CEO Hunter Horsley, who cast Solana as one of this crypto market cycle’s breakout successes that he thinks clients will want to access. The firm also recently filed for an XRP ETF.    Bitwise’s filing is the latest indication that despite Solana’s lack of a regulated futures market in the US — long thought to be a requirement for spot crypto ETFs — a potentially more crypto-friendly Trump administration could get SOL ETFs across the finish line.    The move comes as a FOX Business correspondent reported on social media that the SEC is more actively engaging with spot SOL ETF applicants. This is an about face from August, when The Block reported that the SEC rejected 19b-4 filings from the Cboe exchange, a key component in bringing about an agency decision.    The obvious difference between now and then is the regulatory outlook, with SEC chair and crypto industry bogeyman Gary Gensler announcing his resignation from the agency. Horsley said the US presidential election was “absolutely relevant” in Bitwise’s decision to file for a SOL ETF, and now feels like a “constructive time” to engage with regulators after mulling over an application for around a year.    Like competitors VanEck and 21Shares, Bitwise currently offers a Solana exchange-traded product in Europe — a product it gained access to by way of acquiring London-based ETC Group in August. The Solana ETP currently has $27 million in assets under management (AUM), which is dwarfed by some competitors — 21Shares’ Solana ETP holds nearly $1.4 billion, for instance.    With a potential spot ETF, Bitwise and its competitors will seek to let US investors get exposure to SOL’s price action in a regulated wrapper.    SOL has the chance to become the third crypto to get a US-traded ETF. The first, bitcoin, saw impressive inflows after launching while the second, ether, was much less in-demand. I asked Horsley if the uninspiring ether flows spelled trouble for SOL ETFs. He responded that ether ETFs faced an uphill battle since they launched over the summer (when asset managers are likely vacationing in the south of France), ether hasn’t had great price action this market cycle, and two crypto ETFs were a lot for slow-moving capital markets to absorb in a short time.    Horsley was effusive in talking about Solana overall, calling SOL “an incredible emerging asset and story.” Later on, the Bitwise boss said many bitcoin ETF buyers may be looking for the “next big thing” in crypto.    “For a lot of investors, the answer to that is Solana,” Horsley said.        Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.    Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.    Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.    The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus. 

Bitwise Pursues Solana ETF Amid Shifting Regulatory Landscape

Bitwise has filed a Form S-1 with the SEC to launch a spot Solana ETF. This move is expected to enhance the mainstream acceptance of Solana, potentially influencing regulatory perspectives and increasing institutional interest in cryptocurrency.

Bitwise's move could accelerate mainstream acceptance of Solana, influencing regulatory perspectives and boosting institutional crypto interest.
The post <a href="https://cryptobriefing.com/bitwise-spot-solana-etf/" target="_blank">Bitwise files Form S-1 for spot Solana ETF with SEC</a> appeared first on <a href="https://cryptobriefing.com" target="_blank">Crypto Briefing</a>.

Bitwise Files for Spot Solana ETF with SEC

Bitwise has registered a Solana ETF in Delaware.

Odaily Planet Daily News - According to documents from the Delaware state government, Bitwise has registered its Solana ETF in the state.

According to documents from the Delaware government, Bitwise has registered its Solana ETF in the state.

According to BlockBeats, on November 21, Bitwise has registered its Solana ETF in the state of Delaware, according to documents from the Delaware government.

Bitwise has submitted documents in Delaware, USA, to register the BITWISE SOLANA ETF entity, which means that Bitwise will also join the ranks of applying for Solana spot ETF. Some companies have applied to register Solana spot ETF and expected that Trump and the new SEC chairman may approve Solana ETF after taking office. 

According to Wu, Bitwise has submitted documents in Delaware, USA, to register the BITWISE SOLANA ETF entity, which means that Bitwise will also join the ranks of those applying for a Solana spot ETF. Previously, several companies had applied to register Solana spot ETFs, and the public is anticipating that Trump and the new SEC chairman might approve the Solana ETF after taking office.

According to Wu, Bitwise has filed documents in Delaware, USA, to register the BITWISE SOLANA ETF entity, which means that Bitwise will also join the ranks of those applying for a Solana spot ETF. Previously, several companies have applied to register a Solana spot ETF, and there are expectations that Trump, alongside the new SEC chairman, may approve the Solana ETF.

Bitwise applies to register a Solana-related ETF in the state of Delaware, USA.

According to Deep Tide TechFlow, on November 21, as reported by Cointelegraph, Bitwise has submitted documents to the Delaware Secretary of State in the United States to apply for the registration of its first Solana-related ETF.

Bitwise has applied for the registration of a Solana-related ETF in the state of Delaware, USA.

PANews, November 21, news reported by Cointelegraph, Bitwise has submitted documents to the Delaware Department of State in the United States to register its first Solana-related ETF.PANews, November 21, news reported by Cointelegraph, Bitwise has submitted documents to the Delaware Department of State in the United States to register its first Solana-related ETF.

PANews reported on November 21 that Bitwise has filed documents with the Delaware Department of State in the United States to register its first Solana-related ETF, according to Cointelegraph.

Bitwise has applied to register a Solana-related ETF in Delaware, USA.

Bitwise has filed for a spot Solana ETF, joining VanEck and Canary Capital in the race to launch Solana ETFs. This move comes amid growing anticipation for regulatory changes under the Trump administration, which could provide more clarity for crypto investments. The Solana price is nearing an all-time high, with bulls aiming for a breakout above $240 to reach $300. Besides Solana, there is increasing demand for ETFs linked to XRP, Hedera (HBAR), and Dogecoin (DOGE). Bitwise has already registered a statutory trust for the Solana ETF in Delaware but needs to complete further filings with the SEC. The Trump administration's potential crypto-friendly policies are fueling optimism in the market.

DOGE

HBAR

HIGHLIGHTS The spot Solana ETF filing coincides with rising anticipation that regulatory policies under the Trump administration. The Solana bulls are eyeing for a breakout above $240 SOL price to continue rally to $300.  Beyond Solana, demand for ETFs tied to assets like XRP, Hedera (HBAR), and Dogecoin (DOGE) is increasing. Asset manager Bitwise Invest is the latest to submit its documents for filing spot Solana ETF. With this filing, Bitwise is now in a race with other market players like VanEck and Canary Capital to bring the SOL ETFs to the market. The filing comes at a time when the SOL price is just 10% away from hitting a fresh all-time high.
Bitwise Files for Spot Solana ETF
According to the State of Delaware’s Division of Corporations website, Bitwise has currently registered a statutory trust for its proposed Solana exchange-traded fund (ETF). Notably, this is just registration and the asset manager needs to do more groundwork filings with the U.S. Securities and Exchange Commission (SEC).



To join VanEck and Canary Capital in Solana ETF race, Bitwise needs to submit the 19b-4 and S-1 forms to the US SEC. However, the asset manager has been steadfast in its approach to crypto ETFs, with Bitcoin ETF (BITB) and Ethereum ETF (ETHW) already trading on Wall Street. Last month, the asset manager filed for the spot XRP ETF.

With Donald Trump set to take charge of the White House in January 2025, the euphoria for spot Solana ETF has increased tremendously. Under the Trump administration, there's renewed hope for a crypto regulatory framework and more clarity. The Trump-Vance transition team is holding discussions with crypto industry players to set up a White House post that will look into crypto policies.
Demand Grows for XRP, HBAR, DOGE ETF
Citing this wave of developments in the crypto ETF space, ETF Store President Nate Geraci said that there are ongoing spot ETF filings for several major cryptocurrencies, including Solana (SOL), Ripple’s XRP, and Hedera (HBAR). Last week, Canary Capital submitted the first filing for a spot HBAR ETF.

He also speculated that ETF issuers could expand their offerings further to other assets like Cardano (ADA) and Avalanche (AVAX). Commenting on this, Bloomberg's senior ETF analyst Eric Balchunas stated that he expects a DOGE ETF filing to arrive by December 31, 2024. This comes amid the mega Dogecoin price rally so far in November.

https:\/\/twitter.com\/EricBalchunas\/status\/1859407697851957261

The Solana price remained firm at its crucial resistance level of $240. Market analysts are predicting a new all-time high for SOL with a rally past $300 by the year-end. Currently, it's a tough fight between the bulls and the bears, as the market awaits another catalyst for further rally amid anticipation for spot Solana ETF.

Bitwise Joins Solana ETF Race Amid Regulatory Optimism

Crypto-investments firm Bitwise took a big jump Thursday toward offering a Solana exchange traded fund (ETF) in the United States.

Bitwise Announces Plans for Solana ETF Amid Growing Competition

Bitwise, a prominent crypto asset manager, has filed for a spot Solana (SOL) exchange-traded fund (ETF) in Delaware, signaling a potential S-1 registration with the U.S. SEC. This move follows Bitwise's previous launches of Bitcoin and Ether ETFs. The SOL ETF aims to provide traditional investors exposure to Solana, a major cryptocurrency. Despite the SEC's current stance labeling SOL as an unregistered security, changes in the regulatory environment are anticipated with the upcoming U.S. presidential administration, which may influence the approval of such ETFs.

Bitwise was one of the money managers who launched the spot Bitcoin and Ether exchange-traded fund (ETF) earlier this year, introducing funds that directly hold billions of dollars in cryptocurrencies.Bitwise now hopes to launch another major crypto ETF, registering a statutory trust in Delaware for a proposed SOL exchange-traded fund. This registration indicates it may soon file for an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC).Bitwise Enters Race For SOL ETFCrypto asset manager Bitwise hasfiledfor a spot exchange-traded fund that would give traditional investors exposure to ETH’s rival Solana.As per the State of Delaware’s Division of Corporations website, Bitwise’s SOL ETF was incorporated on Wednesday. Wilmington, Delaware-based CSC Delaware Trust Company was listed as the registered agent. Bitwise will still need to submit a 19b-4 form and S-1 registration statement to the SEC to join the SOL ETF race officially.The Nov. 20 application did not indicate which stock exchange would list the SOL investment vehicle, albeit Bitwise’s BTC and ETH ETFs are both listed on the New York Stock Exchange Arca.Bitwisefiledto register a spot XRP ETF in Delaware on Oct. 1 before filing its S-1 form to the SEC the next day.If the regulator approves, the firm’s SOL ETF would seek to track the price action of the industry’s fourth-biggest crypto by market capitalization.Solana’s ETF FilingsIt’s worth mentioning that outside the U.S., Brazil was thefirst country to greenlight SOL ETFsin August.Bitwise’s latest application follows similar efforts by other U.S. asset managers, includingVanEckandCanary Capital, which have also sought SEC approval for their own Solana ETF applications in recent months.Nonetheless, the possibility of approval for these pending ETF applications is unlikely under the current SEC leadership. At present, the SEC has publicly labeled SOL an unregistered security in lawsuits againstBinance,Coinbase, andKraken— a move that has caused frustration among investors.Much to the delight of the crypto community, the regulatory landscape is primed to significantly change beginning on January 20, 2025, when President-elect Donald Trump assumes office. Trump has previously vowed toremovecrypto gadfly SEC Chair Gary Gensler on day one, potentially allowing for the approval of Solana exchange-traded funds in the U.S.

Bitwise Files for Spot Solana ETF Amid Regulatory Changes

Bitwise has filed for a Solana ETF through a Delaware trust, indicating a rise in institutional interest in cryptocurrency assets. This move could potentially impact broader market adoption trends.

Bitwise's Solana ETF filing highlights growing institutional interest in crypto assets, potentially influencing broader market adoption trends.
The post <a href="https://cryptobriefing.com/bitwise-solana-etf-delaware-trust/" target="_blank">Bitwise files for Solana ETF via Delaware trust</a> appeared first on <a href="https://cryptobriefing.com" target="_blank">Crypto Briefing</a>.

Bitwise Files for Solana ETF Through Delaware Trust, Signaling Institutional Interest

Bitwise has registered a Solana ETF in Delaware, USA, competing with VanEck and Canary Capital for SEC approval of their Solana ETFs.

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/21/qeaxttb2oo5j.png'/>Bitwise would be competing with fellow asset managers VanEck and Canary Capital for an SEC-approved spot Solana ETF.

Bitwise Registers Solana ETF in Delaware, Competing with VanEck and Canary Capital

Bitwise 宣布计划在美国推出 Solana ETF，加入其他公司竞争推出基于加密货币的 ETF。这一举措标志着市场对 Solana 作为数字资产的兴趣日益增长，并反映出对多样化加密投资选择的需求不断增加。

Bitwise 宣布计划推出 Solana ETF，面对日益激烈的竞争。

Bitwise 宣佈計劃在美國推出 Solana ETF，加入其他公司競爭推出基於加密貨幣的 ETF。這一舉措標誌着市場對 Solana 作爲數字資產的興趣日益增長，並反映出對多樣化加密投資選擇的需求不斷增加。