💥💥💥 Breaking: #VanEck Moves Forward with #SOLANAETF Proposal
New York-based investment firm VanEck has submitted a proposal to launch a spot Solana exchange-traded fund (ETF). This development follows the U.S. Securities and Exchange Commission (SEC) approving #BitcoinETFs in January.
The SEC is also close to completing the approval process for several spot Ethereum ETFs. Following the regulator's change of stance on Ethereum, analysts have suggested that ETF issuers might soon push for more altcoin ETFs.
As reported by U.Today, #Ripple💰 CEO Brad Garlinghouse predicted that the approval of multiple altcoin ETFs, including a Solana-based one, was inevitable.
In the wake of this news, the price of Solana has risen by 8% over the past 24 hours.
Source - u.today
