Bitwise, a digital asset manager with $5 billion in assets under management (AUM), is the latest tradfi firm seeking to launch a spot exchange-traded fund (ETF) investing in Solana.
On Nov. 20, Bitwise registered the "Bitwise Solana ETF" entity in Delaware. The filing indicates the company’s intent to launch a spot Solana exchange-traded fund (ETF).
While the filing is an important step, Bitwise will still need to submit a prospectus (S-1) and a rule change application (19b-4) to the United States Securities and Exchange Commission (SEC) before formally entering the ETF race.
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#undefined [Source: TheDefiant]