VanEck Files for Solana ETF in the US
The submitting, submitted on Thursday, June 27, 2024, marks the primary try and create a Solana ETF in america.
Earlier this yr, in January, the SEC greenlit Bitcoin ETFs, paving the best way for related funding automobiles tied to different digital property. The regulator additionally accepted spot Ethereum ETFs in Could.
VanEck, identified for its revolutionary funding merchandise, has not but disclosed the charges it could cost for the proposed Solana ETF.
The crypto market reacted positively to the information. SOL noticed a worth surge, leaping 6% from $139 to $148 following the announcement.
Trade specialists and executives have lengthy anticipated this improvement. Brad Garlinghouse, CEO of Ripple, had beforehand predicted that the approval of a number of altcoin ETFs, together with one primarily based on Solana, was inevitable.
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