#SolanaETF

Matthew Sigel, head of digital asset research at VanEck, said he has applied to the SEC for the Solana ETF.

The new fund, called VanEck Solana Trust, is the first Solana ETF to be applied for in the United States. He said: "The native token SOL functions similarly to other digital commodities such as Bitcoin and Ethereum, and is used to pay transaction fees and computing services on the blockchain. Like ETH on the Ethereum network, SOL can be traded on digital asset platforms or used for peer-to-peer transactions.

Bloomberg ETF analyst James Seyffart posted on social media that the Solana ETF "came earlier" than expected, but the approval rate is still unknown. Whether it passes or not, it is enough to excite the dormant crypto community. After all, this round of the market can be described as an ETF bull market.

Regardless of whether the SOL ETF passes or not, and how the ETH ETF performs in the future, the logic and trend of the ETF bull market seem to be unstoppable. $sol