ARK Make investments has added publicity to staked Solana (SOL) to the portfolios of two of its exchange-traded funds (ETFs), the asset supervisor mentioned in a shopper e-mail reviewed by Cointelegraph.
As of April 21, the 2 ARK funds — ARK Subsequent Technology Web ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) — now maintain shares of 3iQ’s Solana Staking ETF (SOLQ), a Canadian ETF holding staked SOL, ARK mentioned.
The 2 ARK funds are designed to supply broad publicity to rising applied sciences, and comprise a mixture a expertise shares — together with crypto-focused corporations akin to Coinbase, Block, and Robinhood — and spot cryptocurrencies, in accordance with ARK’s web site.
In response to ARK, including the SOL ETF shares makes “ARKW and ARKF the primary US-listed ETFs to achieve publicity to Solana.”
In March, asset supervisor Volatility Shares launched two ETFs that provide publicity to SOL utilizing monetary derivatives, however spot Solana ETFs are nonetheless awaiting approval by US regulators.
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Solana ETFs’ proposals line up for approval
Consultants say the latest itemizing of Solana futures on the Chicago Mercantile Change (CME), a US derivatives alternate, signifies that US SOL ETF listings are coming soon.
Final week, 3iQ launched its Solana ETF in Canada following approval of several such funds by the Ontario Securities Fee (OSC), Canada’s largest securities regulator.
Solana is the second-most in style blockchain community after Ethereum. Its whole worth locked exceeds $7 billion, versus roughly $45 billion for the Ethereum community, in accordance with data from DefiLlama.
The US Securities and Change Fee (SEC) licensed spot Ether ETFs to commerce in the USA in July 2024.
In July, ARK partnered with 21Shares, a crypto-focused fund issuer, to launch ARK 21Shares Bitcoin ETF (ARKB), a spot Bitcoin (BTC) fund with almost $4 billion in web belongings as of April 21, in accordance with ARK’s web site
It additionally partnered with 21Shares on an Ether ETF however dissolved the partnership in June, shortly earlier than the fund launched beneath 21Shares’ branding.
Journal: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1
