PANews reported on June 27 that according to SEC documents, asset management agency VanEck has submitted an application for the Solana Trust (VANECK SOLANA TRUST) to the US SEC. VanEck Solana Trust is an ETF that issues equity common shares, which are expected to be listed and traded on Cboe BZX Exchange Co., Ltd., subject to issuance notification. The trust's investment objective is to reflect Solana's price performance, minus trust operating expenses. To achieve its investment objectives, the trust will hold SOL and value its shares daily based on the MarketVectorTM Solana benchmark exchange rate.