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21Shares has updated the filing information for the Solana ETF, and buyers are defending the $138 area.

21Shares has submitted a revised S-1/A filing for its Solana ETF, updating the stock code to 21SH and refining management details while maintaining the core structure tracking the CME CF Solana-Dollar Reference Rate. The ETF will avoid leverage and may include staking features if regulatory approval is granted, using Coinbase Custody, Anchorage Digital, and BitGo as custodians. As Solana's stock price approaches $130, with a weekly decline of over 22%, 21Shares has released this regulatory update. Analysts point out that the key support level is between $138 and $142, and if the stock price can hold above $140, a rebound may occur.

SOL8.48%
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