đ„ Breaking: Solana ETF Proposal Filed by VanEck
đŁ Investment firm VanEck has submitted a proposal for a spot Solana ETF, marking a potential expansion of crypto ETF offerings beyond Bitcoin and Ether. This move follows the SECâs approval of Bitcoin ETFs and the anticipated green light for Ether ETFs.
Industry experts, including Ripple CEO Brad Garlinghouse, have predicted the eventual approval of multiple altcoin ETFs. The news has sparked a positive market reaction, with Solanaâs price rising 8% in 24 hours. This development signals growing institutional interest in diverse cryptocurrency investments through regulated products.
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