๐VanEck, a pioneer in Bitcoin ETFs, is now taking a sunny stroll down Solana lane! The firm has filed for a Solana ETF with the SEC, marking the first of its kind in the U.S. ๐บ๐ธ The new fund, aptly named Vaneck Solana Trust, aims to tap into Solana's decentralized charm, high utility, and economic sensibility. VanEck's digital assets research head, Matthew Sigel, equates SOL to digital commodities like Bitcoin and Ether.๐ฐHe says SOL, like Ether, can be used to pay for transaction fees and computational services on the blockchain. Stay tuned for more updates on this exciting development! ๐กThoughts? Comment below!
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