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Bitwise registers Solana Trust signalling future SEC application for SOL spot ETF – TON BOT

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Bitwise registers Solana Trust signalling future SEC application for SOL spot ETF

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Bitwise Asset Management is working towards launching a spot Solana exchange-traded fund (ETF) by registering a statutory trust in Delaware. The company plans to file with the SEC for approval, which would allow investors to track Solana’s market price. Bitwise faces competition from other firms pursuing similar ETFs, and the rise of Solana reflects its growing market appeal. Bitwise has seen significant growth in 2024, with assets under management reaching $5 billion by mid-October. The firm’s spot Bitcoin ETF has been a key driver of this growth, attracting over $2 billion in net inflows since launch. Bitwise has also diversified by acquiring Attestant, a London-based provider of non-custodial Ethereum staking services, increasing its total managed assets to over $10 billion.

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