21Shares is the second company to file an SOL ETF with the Securities Exchange Commission. Like VanEck, the company also believes that Solana's native tokens should be considered a commodity. It is reported that the funds of the 21Shares SOL ETF will be hosted by Coinbase Custody. Andrew Jacobson, head of law at 21Shares, said that the launch of the Solana ETF by 21Shares is a necessary step for the crypto industry. Although there is legal precedent for including crypto tokens in CME futures contracts, it should not be the only criterion for ETF eligibility. Many cryptocurrencies qualify as tradable ETFs.