So ARK Invest, right? They just decided, “Hey, let’s toss some staked Solana (SOL) into not one, but two ETFs. Because why not? Apparently, if you’re gonna gamble, do it with other people’s money!” This gem came straight from a client email CryptoMoon somehow dug up. You know, because emails are the new headlines.
As of April 21, these two ARK funds—ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF)—start holding shares of 3iQ’s Solana Staking ETF (SOLQ). Yeah, it’s a Canadian ETF. So now ARK’s basically saying, “Look ma, we’re global!”
These ARK funds supposedly want to “expose” you to emerging tech, mixing tech stocks with crypto companies like Coinbase, Block, and Robinhood. Translation: They throw stuff at the wall to see what sticks.
ARK proudly claims that by adding this SOL ETF, ARKW and ARKF become “the first US-listed ETFs to have a fling with Solana.” Well, aren’t they special? Like first dates at a crypto bar.
Now, don’t get too excited—back in March, Volatility Shares also launched ETFs with fancy financial derivatives tied to SOL. But a straightforward spot Solana ETF for the US? Still in the regulator waiting room, twiddling its thumbs.
So, When Will Solana ETFs Actually Get a Green Light? 🕰️
Experts, those all-knowing crystal ball types, say since Solana futures just showed up on the Chicago Mercantile Exchange (CME, aka the derivatives playground), US SOL ETFs are probably just around the corner. Or so they hope.
Last week, 3iQ got their Solana ETF approved in Canada. Because apparently Canada’s got the chill regulators and the US… well, they’re still thinking about it.
Solana ranks second in the blockchain popularity contest, right after Ethereum. It’s swimming in about $7 billion locked value, which sounds huge, except Ethereum’s got $45 billion making it look like the popular kid in class.
Meanwhile, the SEC finally gave a nod to spot Ether ETFs in July 2024, and ARK snuck into the game with a Bitcoin spot ETF with nearly $4 billion in assets—because who doesn’t want to ride that gravy train?
ARK also tried to cozy up with 21Shares for an Ether ETF, but guess what? They dumped the relationship in June, just before the fund hit the shelves under 21Shares’ name. Drama, drama, drama.
So, in the grand scheme of things, ARK is dancing with Solana like it’s the new hot date, regulators are playing hard to get, and the crypto party goes on. Grab your popcorn. 🍿
Read More
- Solo Leveling Season 3: What You NEED to Know!
- Oblivion Remastered: The Ultimate Race Guide & Tier List
- Rachel Zegler Claps Back at Critics While Ignoring Snow White Controversies!
- How to Get to Frostcrag Spire in Oblivion Remastered
- Bobby’s Shocking Demise
- Captain America: Brave New World’s Shocking Leader Design Change Explained!
- Fantastic Four: First Steps Cast’s Surprising Best Roles and Streaming Guides!
- Oshi no Ko Season 3: Release Date, Cast, and What to Expect!
- Gold Rate Forecast
- OM PREDICTION. OM cryptocurrency
2025-04-21 21:45