VanEck Introduces Spot Solana ETF

VanEck last week became the first asset manager to file an S-1 registration statement with the US SEC for a spot solana ETF, called VanEck Solana Trust, which will be listed on the Cboe BZX Exchange.

As highlighted in the presentation, the fund's investment objective is to mirror the performance of SOL, the native crypto asset of the Solana network. However, betting on SOL to generate income or other gains will not be allowed.

Solana rose 8% on Thursday following the news, and is currently trading at $147, 40% from the all-time high of $210.

Shortly after VanEck, 21Shares filed an S-1 registration statement with the SEC for a spot solana ETF, 21Shares Core Solana ETF.

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