🚨Breaking: VanEck Files for Solana ETF, SOL Increases by 6%
VanEck, a prominent asset manager, has submitted an S-1 registration form for a Solana (SOL) exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC), causing SOL's price to rise by more than 6%. This filing represents the first Solana ETF registration in the U.S., occurring just six days after a similar product was introduced in Canada.
Currently, SOL is trading at $148.Earlier this year, the SEC approved the first spot bitcoin (BTC) ETF in February, and an ether ETF seems to be imminent. Analysts anticipate that ETH ETFs could attract $5 billion in net inflows within the first five months.
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