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 combination a know-how shares — together with crypto-focused corporations akin to Coinbase, Block, and Robinhood — and spot cryptocurrencies, based on ARK’s web site.
In line with ARK, including the SOL ETF shares makes “ARKW and ARKF the primary US-listed ETFs to realize publicity to Solana.”
In March, asset supervisor Volatility Shares launched two ETFs that supply publicity to SOL utilizing monetary derivatives, however spot Solana ETFs are nonetheless awaiting approval by US regulators.
Associated: Spot Solana ETFs to launch in Canada this week
Solana ETFs’ proposals line up for approval
Specialists say the latest itemizing of Solana futures on the Chicago Mercantile Alternate (CME), a US derivatives change, signifies that US SOL ETF listings are coming quickly.
Final week, 3iQ launched its Solana ETF in Canada following approval of a number of such funds by the Ontario Securities Fee (OSC), Canada’s largest securities regulator.
Solana is the second-most standard blockchain community after Ethereum. Its complete worth locked exceeds $7 billion, versus roughly $45 billion for the Ethereum community, based on information from DefiLlama.
The US Securities and Alternate Fee (SEC) approved 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 practically $4 billion in internet property as of April 21, based on 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 underneath 21Shares’ branding.
Journal: SCB ideas $500K BTC, SEC delays Ether ETF choices, and extra: Hodler’s Digest, Feb. 23 – March 1
