Matthew Siegel, a researcher at VanEck, believes the approval of the Ethereum spot ETF will easily pave the way for Solana.
He says the 19b4s #ЛюбимыйТокен #ETF wording, which describes #ЛюбимыйТокен as a commodity, is also a perfect fit for Solana.
On Thursday, the company filed for SOL ETF approval in the U. S. , strengthening Solana's fight against Ethereum on X.
Matthew Siegel, head of research at VanEck, believes the Solana ETF could be the next to hit the market after the landmark approval of #ЛюбимыйТокен and Ethereum spot ETFs.
The management company has applied to create the first Solana ETF (SOL) in the U. S. and is pioneering this financial instrument that will offer institutional investors the opportunity to invest in Solana.
According to Siegel, the wording used in the Form 19b4 Ethereum ETF describes Ethereum as a commodity, referring to its decentralizing properties, which could work for Solana. If exchanges are willing to enter into an agreement to jointly oversee Solana, as they do with spot bitcoin and Ethereum ETFs, it could help with SOL ETF approval, he said.
In addition, Siegel noted that there are commodity ETFs that do not have futures markets. This loophole, he argued, makes the Solana ETF possible: unlike SOL, #ЛюбимыйТокен and ETH have their own futures markets on the Chicago Mercantile Exchange (CME).
Wednesday's interview preceded the creation of the first U. S. SOL ETF, for which VanEck filed an application on Thursday. The New York-based asset management company filed a Form S-1 registration statement with the U. S. Securities and Exchange Commission (SEC).
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