VanEck pointed to the concentrated ownership of Solana (SOL) as a risk it noted in its new ETF application. 📝 According to VanEck, the top 100 wallets own a third of the SOL in circulation. 📊 This could negatively impact SOL's market value and prevent VanEck's Solana ETF from being approved. 😰 Additionally, VanEck also stated many of the risks it stated in its Ethereum ETF application in its Solana ETF application. 📑