The 21Shares Solana ETF is reportedly close to receiving approval and will trade under the ticker VSOL on the Cboe BZX Exchange. Managed by Gemini Trust and Coinbase Custody, the ETF will offer staking rewards to investors. In anticipation of the ETF's launch, analysts have identified Hyperliquid (HYPE) and MAGACOIN FINANCE as promising altcoin picks. HYPE is experiencing increased user activity and liquidity, while MAGACOIN is considered a high-growth opportunity due to its smaller market capitalization.