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Crypto vs. Dollar

📌 VanEck is applying for a Solana ETF in the US

As expected, VanEck, one of the pioneers of bitcoin-traded spot exchange traded funds (ETFs) in the United States, recently filed for a new ETF in Solana. Solana

– As expected, VanEck, one of the pioneers of bitcoin-traded spot exchange traded funds (ETFs) in the United States, recently filed for a new ETF in Solana.

The move reflects the company’s continued progress in expanding its offering of investment products in the cryptocurrency sector.

Matthew Siegel, VanEck’s head of digital asset research, announced on website X (formerly Twitter) at 6:27 a.m. that the company has filed with the U.S. Securities and Exchange Commission (SEC) to create an ETF for Solana.

The new fund, called Vaneck Solana Trust, is designed to capitalize on the high utility and economic viability of the Solana blockchain.

According to Siegel, this is the first application to create a Solana ETF in the country, underscoring VanEck’s commitment to innovation and expanding the market for ETFs related to digital assets.

Siegel explained why Vaneck views SOL, Solana’s proprietary token, as a commodity:

This passage underscores VanEck’s confidence in Solana’s potential and its growing role in the world of cryptocurrencies.

Digital asset management company 3iq recently applied for a Solana listed product (ETP) (SOL). If approved, this ETP will be traded on the Toronto Stock Exchange (TSE) in Canada.

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