VanEck Files for Solana ETF, SOL Rises 8%
The filing is the first Solana ETF to be filed in the U.S. and follows six days after a similar product filing in Canada.
Asset manager VanEck filed to sell shares in a Solana (SOL) exchange-traded fund (ETF), the first such registration in the U.S., just six days after 3iQ filed for a similar product in Canada.
The S-1 registration form lodged with the Securities and Exchange Commission (SEC), helped lift the SOL token's 24-hour gain to almost 8%.
VanEck has been known to be a first mover in this space. The asset manager was the first to file for a spot ether (ETH) ETF back in 2021, almost three years before the SEC began to engage with issuers that now include BlackRock, Fidelity, Ark Invest and others. An additional filing was lodged in September last year.
