CEO Predicts Bitwise Will File for SOL Spot ETF

IconCryptoNewsTerminal Staff11 Jul, 2024

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CEO Predicts Bitwise Will File for SOL Spot ETF

Nate Geraci, CEO of U.S. ETF Store, expressed his expectations that Bitwise will be the next to file for a SOL spot ETF. This prediction comes after VanEck and 21Shares submitted 19b-4 filings for their own SOL spot ETFs to the U.S. Securities and Exchange Commission (SEC). If Bitwise follows through with its anticipated filing, it will join the growing list of companies seeking to offer investors exposure to Solana (SOL) through spot ETFs. These ETFs provide a convenient and regulated way to gain exposure to the cryptocurrency without the need for direct ownership or the complexities of decentralized exchanges.