According to Foresight News, Matthew Sigel, head of digital asset research at VanEck, said in response to VanEck's application for the first Solana ETF, "VanEck believes that SOL is a commodity. The combination of high throughput, low fees, strong security, and a strong community atmosphere makes Solana an attractive choice for exchange-traded funds. SOL's decentralized nature, high practicality, and economic feasibility are consistent with the characteristics of other mature digital commodities, which strengthens our belief that SOL may be a valuable commodity."