The U.S. Securities and Trade Fee (SEC) has formally acknowledged the submitting for Constancy’s spot Solana (SOL) Trade-Traded Fund (ETF).
This marks a key growth within the monetary trade, as Constancy seeks to checklist its Solana ETF on the Cboe BZX Trade. The acknowledgment comes after Constancy submitted a proposed rule change, paving the way in which for the potential approval of the product.
Constancy’s Spot Solana ETF Proposal
The SEC’s acknowledgment follows Constancy’s submitting to checklist and commerce shares of the Constancy Solana Fund underneath the Cboe BZX Trade. The proposed rule change, initially submitted on March 25, was later amended on April 1, 2025, to make clear sure factors and add extra particulars.
The amended proposal goals to checklist the Solana ETF underneath BZX Rule, which pertains to commodity-based belief shares. In line with the Cboe BZX Trade, Constancy plans to register the shares with the SEC by means of a registration assertion on Kind S-1.
Constancy’s expertise with crypto ETFs, having launched the Constancy Clever Origin Bitcoin Fund (FBTC) and the Constancy Ethereum Fund (FETH), has ready it for this new initiative. FBTC has drawn substantial curiosity, accumulating almost $17 billion in property, whereas FETH presently manages round $975 million.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Identified for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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