ARC Invest has added exposure to staked solana (SOL) in its two exchange-traded funds (ETFs) portfolio, asset manager said in a customer email reviewed by the coinyph.
As of 21 April, two Arch Funds – Arc Next Generation Internet ETF (RKW) and Arc Fintech Innovation ETF (ARKF) – Now holds shares of Solan Stacking ETF (SOLQ) of 3IQs, said a Canadian ETF holding Sol, ARK.
According to the Arc’s website, two arc funds are designed to offer wide performance for emerging technologies, and a technology stock including crypto-centered companies such as coinbase, blocks and robinhood-spot cryptocurrency.
According to Arch, SOL makes ETF shares “” RKW and RKF make the first US-listed ETF to come in contact with Solana. “
In March, asset manager’s volatility shares launched two ETFs that provide exposure to SOL using financial derivatives, but Spot Solana ETFs are still waiting for approval by US regulators.
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Solana line up for ETFS proposal approval
Experts say the recent listing of Solan futures on the Chicago Mercantile Exchange (CME), the US derivative Exchange indicates that the US Sol ETF listing is coming soon.
Last week, 3Iq launched its Solana ETF in Canada after the approval of several such funds by Canada’s largest securities regulator Securities Commission (OSC).
Solana is the second most popular blockchain network after Etharium. Its total value locks more than $ 7 billion, according to about $ 45 billion for vs. Etharium Network, data From Difilama.
The US Securities and Exchange Commission (SEC) authorized Spot Ether ETF to trade in the United States in July 2024.
In July, ARK participated with 21Shares, a crypto-centric fund issuer, according to the Ark’s website, Ark 21Shares bitcoin ETF (ARKB), a spot bitcoin (BTC) fund to launch with about 4 billion dollars by April 21, according to the ARK website.
This participated with 21Shares on an Ether ETF, but dissolved the partnership shortly before the fund started under the branding of 21Shares in June.
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