Analysts are skeptical about the prospects for the Solana ETF to be approved soon. BUT at the same time they confirm that the application submitted by VanEck is an application specifically for an ETF, and not a trust. We take our words back, Matthew Siegel spoke correctly in his post.
VanEck's application confuses us (and not only us) with the word Trust in the title. But in fact, it turns out that this is not a type of financial instrument, but part of the name of an ETF fund. We read the document more deeply - the planned fund will issue shares that are expected to be placed on the Cboe BZX exchange under a certain symbol. The ETF will own SOL and price its shares on a daily basis based on an index provided by MarketVector Indexes GmbH.#BloombergETF analyst James Seyffart, commenting on Matthew Siegel's post, writes that the Solana ETF has a chance to launch no earlier than 2025 if there is a change in leadership in the SEC and the White House administration in the US. And even this is not a guarantee.
FOX Business crypto journalist Eleanor Terrett, commenting on Siegel's post, writes that#SOLis not yet traded on a regulated futures market like#BTCand #ETH. So approval is still a long way off, but VanEck can say they were the first to file for the first US SOL ETF.
