Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Crypto-investments firm Bitwise took a big jump Thursday toward offering a Solana exchange traded fund in the United States.
One of those propositions is that SOL — the fuel for transacting on Solana in much the same way that ETH is on Ethereum — could soon be wrapped in an ETF for easy trading by Wall Street investors. Bitwise already offers a variety of ETFs tracking BTC and ETH, the two cryptoassets generally treated as commodities in the US. It also has shown a gambler's propensity for filing ETF applications over more controversial assets, such as
Bitwise telegraphed its SOL ETF plans earlier this week with a corporate fining in Delaware. Chief Investments Officer Matt Hougan confirmed the filing's legitimacy but declined to comment further.
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