Grayscale files with SEC for spot Solana ETF

December 4, 2024 Coin Telegraph

21shares

Grayscale joins rivals 21Shares, Canary Capital, VanEck and Bitwise in filing for a Solana ETF in the US.

Digital asset manager Grayscale Investments has filed with the United States Securities and Exchange Commission to launch a spot Solana exchange-traded fund (ETF).

If approved, the Grayscale Solana Trust, under the ticker GSOL, would trade on the New York Stock Exchange, according to a 19b-4 filing with the SEC on Dec. 3.

If approved, the ETF would be a conversion of the existing Grayscale Solana Trust into spot ETF — the same as how Grayscale converted its spot Bitcoin (BTC) and Ether (ETH) trusts into ETFs.

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WisdomTree officially files S-1 for spot XRP ETF

December 2, 2024 Coin Telegraph

21shares

Spot Bitcoin ETF provider WisdomTree became the fourth firm in the US to submit a Form S-1 filing with the SEC for a spot XRP ETF.

WisdomTree, one of the first companies to issue a spot Bitcoin exchange-traded fund (ETF) in the United States in January, has filed to launch a spot ETF backed by XRP.

On Dec. 2, WisdomTree became the fourth company in the US to submit a Form S-1 filing for a spot XRP (XRP) ETF with the US Securities and Exchange Commission.

XRP ETF observation from Bloomberg ETF analyst Eric Balchunas. Source: Eric Balchunas/Eleanor Terret

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Bitwise registers Solana ETF in US state Delaware

November 21, 2024 Coin Telegraph

19b-4

Bitwise would be competing with fellow asset managers VanEck and Canary Capital for an SEC-approved spot Solana ETF.

Digital asset management firm Bitwise has registered a statutory trust for a proposed spot Solana exchange-traded fund (ETF) in Delaware — indicating that it may soon file for an S-1 registration statement with the United States securities regulator.

The Bitwise Solana (SOL) ETF was incorporated on Nov. 20, according to the State of Delaware’s Division of Corporations website. The registered agent was listed as CSC Delaware Trust Company, which is headquartered in Wilmington, Delaware.

Bitwise would still need to submit a 19b-4 filing and S-1 registration statement to the US Securities and Exchange Commission to officially put its name in the race with VanEck and Canary Capital.

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Canary Capital Files Registration for Litecoin ETF With SEC

October 15, 2024 Bitcoin.com

bitcoin.com

Canary Capital has submitted a registration statement with the U.S. Securities and Exchange Commission (SEC) for its new exchange-traded product, the Canary Litecoin ETF. The ETF will provide investors with exposure to the value of litecoin (LTC), tracking the Coindesk Litecoin Price Index. Canary Capital Targets Litecoin Market With New ETF Filing The Canary Litecoin […]

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Crypto Biz: Tether’s 10 years with meteoric growth, ties to US, European hurdles

October 11, 2024 Coin Telegraph

Bitwise

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.

Tether marked its first 10 years amid a considerable expansion in its user base. According to the stablecoin issuer, it had 350 million users on Oct. 7, an increase of 148% from its 141 million users in 2022.

Tether’s USDT (USDT) rapid growth over the past two years can be partially attributed to a tighter regulatory landscape in the United States, which has put pressure on domestic crypto companies since the FTX debacle in November 2022.

Increased scrutiny by regulators, combined with the 2023 banking crisis that led to the temporary depegging of its primary competitor, USD Coin (USDC), drove many users to move their assets away from US-based platforms amid concerns over regulatory risks and the stability of the financial system. Even though market conditions have evolved since then, Tether has successfully retained a significant portion of these users.

Canary Capital

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