According to CoinDesk, asset management firm VanEck has submitted an S-1 registration form to the Securities and Exchange Commission (SEC) for a Solana (SOL) exchange-traded fund (ETF). This move has led to a 6% increase in SOL's trading value, now standing at $148. This marks the first registration of a Solana ETF in the United States, coming just six days after a similar product was launched in Canada.
The SEC had previously approved the first spot Bitcoin (BTC) ETF in February, and it seems an Ether (ETH) ETF may soon follow. Market analysts predict that ETH ETFs could attract $5 billion in net inflows within the first five months of their launch.
VanEck had previously undergone a similar registration process when it initially filed for its Ether (ETH) ETF. This recent move indicates a growing interest in cryptocurrency ETFs, particularly those based on Solana, a high-performance blockchain platform.
