Bitwise has registered a statutory trust in Delaware for a proposed spot Solana exchange-traded fund (ETF), suggesting an upcoming S-1 registration statement filing with the U.S. Securities and Exchange Commission (SEC).
The Bitwise Solana ETF was established on November 20, as per the Delaware Division of Corporations website, with CSC Delaware Trust Company in Wilmington as the registered agent.
Bitwise still needs to file a 19b-4 and S-1 registration statement with the SEC to compete with VanEck and Canary Capital. On October 1, Bitwise registered a spot XRP ETF in Delaware and submitted its S-1 form to the SEC the following day.
If approved, the Bitwise Solana ETF aims to track the price of the world's fourth-largest cryptocurrency.
The filing did not specify which stock exchange would list the Solana product, although Bitwise's Bitcoin and Ethereum ETFs are listed on the New York Stock Exchange Arca. A proposed ticker for the Solana ETF was not mentioned.
BitGo launches California-based cryptocurrency exchange in Singapore
BitGo, a California-based cryptocurrency exchange, has launched a subsidiary in Singapore three months after receiving a major payment institution license from the Monetary Authority of Singapore (MAS).
On November 21, BitGo Singapore officially commenced operations, offering digital asset custody, trading, settlement, and token management services in the Asia Pacific (APAC) region.
In a statement to Cointelegraph, Youngro Lee, CEO of BitGo Singapore, emphasized the company's commitment to adhering to strict regulatory standards while serving the APAC crypto market.
BitGo Singapore guarantees regulated custody, high liquidity for both electronic and voice trading, automated settlement, and token management services.
Basketball icon Shaquille O’Neal agrees to an $11 million Astrals NFT settlement
Shaquille O’Neal, a former NBA star and sports commentator, has agreed to a class action settlement fund for investors in Astrals non-fungible tokens (NFTs).
The NBA legend also settled claims in a separate FTX lawsuit and is waiting for court approval. On May 23, O’Neal was served with the Astral NFT lawsuit during an NBA game at Miami’s Kaseya Center, formerly known as the FTX Arena.
The class-action lawsuit was related to his promotion of the Astrals NFT project. On August 16, a federal judge in Miami acknowledged that the plaintiffs had adequately alleged that the former NBA player was a seller of the NFTs.
After a year of legal proceedings, O’Neal agreed to an $11 million settlement for promoting Astrals NFTs, which led to the dismissal of the class-action suit.
