Bitwise registers Solana spot ETF in Delaware

Digital asset management company Bitwise has registered its Solana physical ETF (exchange-traded fund) in Delaware.
On the 20th (local time), according to the Delaware Department of Corporations website, Bitwise So
The Lana ETF was launched on November 20. The registered agent was listed as CSC Delaware Trust Company, headquartered in Wilmington, Delaware.
If approved, the Bitwise Solana ETF aims to track the price fluctuations of the world's fourth-largest crypto asset.
The filing did not specify which stock market the Solana ETF will be listed on, but Bitwise Bit.
Both the tocoin ETF and the Ethereum ETF are listed on the New York Stock Exchange Arca.
Additionally, the proposed ticker symbol for the Bitwise Solana ETF was not included in the filing.
Matthew Siegel, head of digital asset research at VanEck
Sigel predicts that "it is highly likely that a Solana physical ETF will be approved in the U.S. by the end of 2025."