Key Takeaways
- Constancy filed a Kind 8-A12B to checklist its Solana ETF on the NYSE, signaling a big regulatory step ahead for the product.
- A Kind 8-A12B is a regular requirement earlier than an ETF may be traded on an alternate.
Constancy filed a Kind 8-A12B as we speak to checklist its Solana ETF on the NYSE, marking a key regulatory step towards launching the exchange-traded fund targeted on the digital asset.
Kind 8-A12B is a regulatory submitting with the Securities and Alternate Fee (SEC) used to register a category of securities for itemizing on a nationwide securities alternate. The submitting represents a regular process required earlier than an ETF can start buying and selling on the alternate.
Constancy joins a rising checklist of main monetary establishments pushing into crypto ETFs amid renewed market momentum. The transfer follows the current launch of two Solana ETFs that noticed sturdy early demand.
Bitwise’s BSOL ETF debuted with $69.5 million in first-day inflows, making it one of many high crypto ETF launches of the yr. In the meantime, VanEck’s competing Solana ETF, VSOL, launched earlier as we speak.
