🚀 SOL ETF Incoming: CoinShares Drops SEC Filing for First-Ever Solana Spot ETF

Wall Street''s crypto craving hits hyperdrive as CoinShares lobs the Solana ETF grenade at the SEC.

The skinny: Europe''s digital asset heavyweight just filed an S-1 registration—the first formal step toward launching a spot SOL ETF in the US. No approval yet, but the paperwork''s in motion.

Why it matters: This marks Solana''s Main Street moment. After Bitcoin and Ethereum ETFs got the nod, SOL''s the next altcoin gunning for legitimized trading. The blockchain''s blistering speeds and dirt-cheap fees finally caught institutional eyes.

Reality check: SEC Chair Gary Gensler still twitches at anything not named Bitcoin. Approval could take months—if it comes at all. Meanwhile, TradFi brokers are already salivating over another 1.5% management fee cash cow.

Game changer or regulatory pipe dream? Either way, SOL just got its golden ticket to the big leagues.