Bitwise joins the Solana ETF race and officially submits its listing application

After Donald Trump was elected as the President of the United States, the cryptocurrency market saw a new trend, and the Solana ETF, which was once considered unreachable, is now becoming a reality. Cryptocurrency investment company Bitwise officially submitted an application to the U.S. Securities and Exchange Commission (SEC) on Thursday to join the competition for Solana ETF.

Bitwise just recently submitted the relevant documents for establishing a Solana ETF trust in Delaware, and then on November 21, submitted an S-1 registration statement to the US SEC. It becomes the fourth fund company to apply for the launch of a Solana ETF, following Canary Capital (submitted in October), VanEck and 21Shares (submitted in June).

According to the latest application documents, BNY Mellon will serve as the trustee of the Bitwise Solana ETF.

Bitwise has recently launched BTC and EthercoinSpot ETFs, and has submitted an application for RipplecoinSpot ETF listing. This time, it sets its sights on Solana, once again demonstrating the company’s courage to challenge market hotspots.

Solana has become the focus of the bull market this year thanks to the meme coins and the Decentralized Finance trend. Today (22), the price of SOL broke through $260, reaching a historical high.

Bitwise joins the Solana ETF race, officially submitting listing application. This article was first published on “Block Racer”.