As I was already saying a few days ago it was possible that a Sol ETF could be approved and today I am pleased to announce that VanEck has just applied for the FIRST Solana Exchange Traded Fund (ETF) in the US.
Why do we request it?
Solana, a competitor to Ethereum, is open source blockchain software designed to handle various applications, including payments, commerce, gaming, and social interactions. Operating as a single global state machine without sharding or Layer 2, the Solana blockchain's unique combination of scalability, speed, and low costs can deliver a better user experience for many use cases.
By enabling thousands of transactions per second with minimal fees and employing an advanced security mechanism that combines proof of history and proof of stake, we believe Solana stands out as a powerful and accessible blockchain software. We believe this combination of high performance, low fees, strong security and a strong community environment makes Solana an attractive option for an exchange-traded fund, offering investors exposure to a versatile and innovative open source ecosystem.
We are already seeing how the entire Solana ecosystem is exploding upwards as I had said, once the Solana ETF is official the entire ecosystem was going to rise, not just Solana, and the memes will explode three times as much since the majority are in Solana, If you bought at the bottom you are already seeing profits, congratulations to everyone who bought!
#Altseasson #altseason2024 #altseason #ETFSOL #AltSeasonComing
