Ark Invest added exposure to staked solana (Sol) In the portfolios of two of the funds exchanged by its exchange (ETF), the asset manager said in a client email reviewed by cointelegraph.
Until April 21, two Ark Funds – Ark Next Generation Internet ETF (Arkw) and Ark Fintech Innovation ETF (ARKF) – now holds the sharing of 3IQ’s Solana Staking ETF (SOLQ), a Canadian ETF holding staked Sol, Ark said.
The two Ark funds are designed to offer extensive exposure to emerging technologies, and consist of a stock of a technology-including crypto-focused companies such as Coinbase, Block, and Robinhood-and spots the cryptocurrencies, according to the Ark website.
According to Ark, the addition of Sol ETF shares makes the “Arkw and Arkf the first listed ETFs listed in the US to obtain Solana’s exposure.”
In March, the sharing of volatility by asset manager Two ETFs launched Offer SOL exposure using financial derivatives, but Solana ETF spots are still awaiting approved US regulators.
Related: Spot Solana ETFS to launch in Canada this Sunday
Solana ETF measures have lined up for approval
Experts say the recent list of Solana Futures in Chicago Mercantile Exchange (CME), an exchange of US derivatives, indicates that US SOL ETF lists are close.
Last week, 3IQ launched Solana ETF in Canada following Approval of multiple funds Through the Ontario Securities Commission (OSC), Canada’s largest regulator.
Solana is the second-famed blockchain network after Ethereum. The total amount locked exceeds $ 7 billion, compared to approximately $ 45 billion for the Ethereum network, according to Data From Defillrama.
The US Securities and Exchange Commission (SEC) allowed ETF areas to trade in the United States in July 2024.
In July, Ark cooperated with 21shares, a Crypto -focused fund, to launch Ark 21shares Bitcoin ETF (Arkb), a Bitcoin area (Btc) funds with nearly $ 4 billion in net assets until April 21, according to Ark’s website
It also partnered with 21shares in an Ether ETF but Cooperation was removed in JuneShortly before the fund was launched under the 21shares bond.
Magazine: SCB Tips $ 500K BTC, SEC Densterns Ether ETF Options, and More: Hodler’s Digest, Feb. 23 – March 1
