According to VanEck, which applied for Solana, Bitcoin will start to rise: Here are 3 reasons!

Spot Bitcoin ETF issuer VanEck said Bitcoin could start rising soon.

VanEck Head of Digital Assets Matthew Sigel included his Bitcoin prediction in a new interview with Scott Melker. While Matthew Sigel stated that Bitcoin may start serious increases in a short time, he listed three reasons.

Sigel's bullish expectations for Bitcoin were driven by losses, volatility and recent declines.

I got bullish again on Tuesday, you know, I noticed some capitulation indicators in the space like losses realized by short holders, for example over 500 million is in the top five all time numbers for Bitcoin. And then I saw BTC volatility reach 21; This is a 30-day annualized VA, which is very low.

They applied for an ETF for Solana

The company applied to the Securities and Exchange Commission (SEC) for the spot Solana ETF on June 27. The company's obvious interest in the cryptocurrency market, which currently issues spot Bitcoin and also has an application for Ethereum, did not go unnoticed.

The company also gave a target of $22,000 for Ethereum in a report published at the beginning of June.