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Briefly
- The European Koinshares asset manager has submitted a request for a fund that has traded salt.
- Numerous managers of top property have proposed funds based in Solana.
- Altcoin ETFS can receive approval this year under the new leadership of SEC.
The European Digital Manager of Coinshares Property has become the latest company that has filed Saltworks According to the US Securities Commission and Exchange submission on Friday.
Coinshares Solana Etf would follow the price SALTNativity coin Solana network and trade in the Nasdaq shares market, according to the Prospect S-1.
The application comes less than a week after seven issuers submitted Revised SOL ETF apps, Clarifying the tongue that would allow them to install their salt. Analyst view Such changes are positive for the likelihood of approval, although revised prospects do not guarantee a regulatory green light.
Earlier this year, Bloomberg’s older analyst ETF -a Balchunas dried up in 70% of the chances that Solana ETF gets approval this year, although he could not determine the time.
Funds from 21share, Bitwise, Fidelity, Franklin Templeton, Grayscale, Vaneck and Canary Capital also aim to offer investors exposure to Solani and are part of the huge wave of altcoin funds that have been proposed in recent months to attract interest in investors in the products.
US regulators and legislators have stripped of the limitations for the industry of digital assets, creating a more attractive environment for investors.
Salt is the sixth largest currency crypto on a market cap. Developers favors Solana Blockchain because of its speed and efficiency in creating decentralized applications like a crypto of exchange and games.
Salt price recently amounted to $ 156.87 after it increased by almost 4%in 24 hours. In January, the coin reached a maximum of $ 293.31, shows the provider of the Crypto Data Provider of Coingecko.
Coinshares did not immediately respond Decipherwith Request for comment.
SEC approved Bitcoin ETFS last year and later their colleagues Ethereum. Both products are popular, with bitcoin funds now manage more than $ 100 billion in assets.
Last week Blackkck’s Ishares Bitcoin Trust (Ibit) required Just 341 days to reach $ 70 billion in AUM, faster than any fund in history, according to Bloomberg’s data.
Ethereum-The monitoring lines generated a respectable $ 3.9 billion in net inflows, according to British manager Asset Farside investors.
Edited James Rubin
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