Asset management firm VanEck has filed an S-1 registration form with the Securities and Exchange Commission (SEC) for its Solana ($SOL ) exchange-traded fund (ETF). This filing resulted in a 6% increase in SOL's trading value, currently rising to $148. This marks the first Solana ETF registration in the United States, just six days after the launch of a similar product in Canada.

The SEC previously approved the first spot Bitcoin ($BTC ) ETF in February, and there is speculation that an Ether ($ETH ) ETF may also be coming soon. Market analysts estimate that ETH ETFs could attract $5 billion in net inflows in the first five months of launch.

VanEck went through a similar registration process when it applied for its first Ether (ETH) ETF. This latest move highlights the growing interest in cryptocurrency ETFs, especially those based on Solana, a high-performance blockchain platform.

Follow #MU_Traders for more topics. like post if you find it valuable.

#VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #CryptoTradingGuide #CryptoPCEWatch