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CoinShares Files for Spot Solana ETF, Proposes Staking Integration

  • CoinShares has filed for a spot Solana ETF in the U.S., focusing on staking as part of the fund's strategy.
  • The company plans to stake a portion of its SOL holdings through designated providers, reinvesting staking rewards.
  • Coinbase Custody and BitGo Trust are set to handle custody of the underlying SOL tokens for the ETF.
  • The filing coincides with other firms like VanEck and Franklin Templeton seeking approval for similar Solana ETFs.
  • Regulators may be softening their stance on crypto spot ETFs, with asset managers amending filings with additional details on staking methodologies.
  • Truth Social platform has submitted an ETF application for Bitcoin and Ethereum with flexibility in asset allocation.
  • Other firms like Volatility Shares and ProShares have filed for ETFs tied to crypto futures markets.

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