Sygnum Bank: Spot Solana and Cardano ETFs are unlikely
Katalin Tischhauser, head of investment research at Signum Bank, joins other commentators in believing that spot Solana and Cardano ETFs are unlikely, although VanEck might disagree.

Katalin Tischhauser, head of investment research at Signum Bank, joins other commentators in believing that spot Solana and Cardano ETFs are unlikely, although VanEck might disagree.
The speculation around a Cardano ETF could potentially drive ADA towards its previous high of $3.10. With current trading prices around $0.391 and a significant support range, there may be opportunities for a price rebound.
Grayscale Investments is actively pursuing SEC approval for its Grayscale Bitcoin Trust's conversion into a spot bitcoin ETF. Recent discussions with the SEC revolve around NYSE Arca's proposed rule change. Grayscale's persistent efforts, court mandates, and engagements with BNY Mellon showcase its commitment. GBTC outlines plans for listing and ongoing share issuance. The broader industry, including major players like BlackRock and Fidelity, is also navigating the SEC approval process for spot bitcoin ETFs.
Grayscale Investments has achieved a substantial triumph over the US SEC in its endeavour to transform its GBTC from an over-the-counter asset into a publicly traded Bitcoin ETF.
Cardano founder Charles Hoskinson has made an explosive claim about the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
In response to the U.S. Securities and Exchange Commission's denial of a request to convert its Bitcoin trust into an ...
The proposed environmentally conscious spot ETF was found to be insufficiently protected against fraud and manipulation, like many ETF proposals before it.
21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.
The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day.
Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act.