🟧 What’s coming has finally come, Solana has really started applying for an ETF!
VanEck applied to sell shares of the Solana (SOL) exchange-traded fund (ETF), the first such registration in the United States, just six days after 3iQ applied for a similar product in Canada.
The S-1 registration form filed with the U.S. Securities and Exchange Commission (SEC) helped the SOL token’s 24-hour gain reach nearly 8%. The CoinDesk 20 Index (CD20), which measures the overall performance of the cryptocurrency market, rose 1.8%.
You know! As early as 2021, it was this asset management company that took the lead in applying for a spot Ethereum (ETH) ETF, which was nearly three years earlier than the U.S. Securities and Exchange Commission (SEC) began to contact issuers that now include BlackRock, Fidelity, Ark Invest, etc. It is like a pioneer spokesperson for capital.
If the ETH ETF is approved, the next token to be packaged into such a fund will be $SOL , which is classified as a commodity due to its similarity to the second largest cryptocurrency. However, they said that serious discussions around such products will not begin until 2025.
Although the probability of Solana ETF passing in the near future is low, as long as this application is put forward, it will be passed sooner or later.
Capital never sleeps, don't doubt the persistence of capital dripping through the stone.
