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Complete List of Spot Solana ETFs Worldwide – Who’s Leading the Charge?
Key Insights:
US Solana ETFs and Trusts
Four Solana ETFs are currently undergoing the S-1 application stage in the United States. The SEC rejected these applications earlier under Gary Gensler but has a better chance of approval under the current Acting SEC Chairman Mark Uyeda.
VanEck Solana ETF
VanEck was the first to apply for a Solana ETF first on 27 June 2024 and a Cboe assisted re-application on 29 Jan 2025.
21Shares Core Solana ETF
21Shares applied for a Solana ETF on 28 June 2024 and is also going a re-application process under Cboe.
The usage of the word "core" in the nomenclature possibly denotes its focus on spot nature of the ETF.
Canary Solana ETF
Canary Spot Solana ETF was applied on 21 October 2024 and is currently undergoing re-application under Cboe.
Bitwise Solana ETF
Bitwise is the latest entrant to the US Solana ETF league, with an application date of 27 November 2024. It is also undergoing the re-application process with Cboe's help.
UK-based Solana ETPs and ETNs
In the UK, similar to the EU, ETFs are also called Exchange-Traded Products and Exchange-Traded Notes.
Coinshares Physical Staked Solana ETF
Coinshares issues the only UK-based Solana ETF at this point. The ETF is officially named the Coinshares Physical Staked Solana ETF/ETP. A unique aspect of this ETF is that it takes all the Solana that it owns for further gains.
European Solana ETFs
In Europe, you might also see variations of this name, such as Exchange Traded Products and Exchange Traded Notes, both of which denote an ETF.
The European Union has a much strict but neutral regulatory process than pre-Trump USA. This helped several ETF issuers establish Bitcoin and Ethereum ETFs much before the US.
Lately, Chainlink has also partnered with 21X to provide tokenized RWA funds in these markets.
WisdomTree Solana ETF
Till now, Europe has only one Solana ETF listed on the Swiss, Xetra, Euronext, and Amsterdam exchanges. The official name of this ETF is WisdomTree Physical Solana NL. Here, "physical" denotes the spot nature of the ETF, and NL refers to being listed on the Netherlands' Amsterdam Exchange.
Why Solana ETFs Are Much Awaited?
It seems that Solana ETFs could be approved much earlier than XRP, causing SOL to possibly cross $300 in the short term. Solana's rapid growth from $8 in Jan 2023 to $263 in Jan 2025 shows its potential to overtake Ethereum in the next few years.
Investors and traders who were unable to invest in the past Solana rally due to various issues, such as wallet hacks, scams, key poisoning, and others, can use the ETF route to safely invest in a rapidly growing cryptocurrency like Solana.
Further, in many parts of the world, an ETF has much lower tax implications than physical crypto. This can be seen in countries like Italy, France, and India, where taxes on crypto exceed 30%, but the capital gains taxes are in the lower 10s.
Will It Push For a New Alt Season?
For obvious reasons, a Solana ETF could accelerate the growth of all altcoins, starting with Solana. The approval could signal a potential green light for the altcoin ETFs from Chainlink, XRP, Dogecoin, Cardano, and all other altcoins.
Lately, there have also been speculations around memecoin ETFs, with Donald Trump's WLFI and TruthSocial speculating on launching their own $TRUMP ETFs. Memecoin ETFs could establish a period of continuous growth in memecoins, liberating them from seasonal cycles and pushing altcoin markets even higher.
At press time, the altcoin season index shows a market cap of $1.48 trillion, and the season strength is at 45.
Will Solana Get a Spot in the US National Digital Assets Stockpile?
A further bullish signal for Solana is its inclusion in the US National Digital Assets Stockpile. Solana has a high chance of getting a spot because of its role in the memecoin market, which had a notable launch with $TRUMP memecoin.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.