VanEck just filed for the first Solana exchange-traded fund (ETF) in the U.S.
VanEck’s head of digital asset research explains the reason for the filing
— Solana is an Ethereum competitor without sharding or layer 2, and its unique combination of scalability, speed, and low cost can provide a better user experience for many use cases
— Thinks the native token SOL functions similarly to other digital commodities such as#bitcoinand #ETH
— The Solana ecosystem supports a wide range of applications and services, from decentralized finance (DeFi) to non-fungible tokens (NFTs), highlighting the utility and value of SOL as a digital commodity
— Solana could be a valuable commodity for investors, builders, and entrepreneurs looking for an alternative to the duopoly app stores