Several companies, including VanEck, 21shares, Bitwise, and Canary Capital, have filed for spot Solana (SOL) exchange-traded funds (ETFs), which were officially added to the Federal Register on Feb. 18. The US Securities and Exchange Commission (SEC) now has 240 days to approve or deny the filings. The Grayscale Solana ETF amendment was also acknowledged by the SEC, and the company has until Oct. 16 for potential approval. SOL has seen a significant decline this year, but Bloomberg ETF analysts predict a 70% chance of approval for spot Solana ETFs. The approval odds may increase if lawsuits deeming SOL as security are resolved. Additionally, Canary Capital announced an Axelar (AXL) trust, the first investment trust dedicated to a general blockchain interoperability protocol. Axelar has seen significant growth, ranking as the 11th largest blockchain by total value locked (TVL) and is expected to continue expanding its reach.



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