[Solana ETF proposal submitted by VanEck]
New York-based investment firm VanEck has proposed a proposal to launch a physical Solana exchange-traded fund (ETF).
The proposal comes after the U.S. Securities and Exchange Commission (SEC) approved a Bitcoin ETF in January.
The regulator is also expected to complete approval of multiple spot Ethereum ETFs.
After the SEC changed its stance on Ethereum, several analysts suggested that ETF issuers may push for the launch of more altcoin ETFs.
According to a report by U.Today, Ripple CEO Brad Garlinghouse predicted that the approval of multiple altcoin ETFs, including one based on Solana, is inevitable. Solana’s price has increased by 8% in the past 24 hours.
