📢📢Breaking News: VanEck and 21Shares Set to Launch Solana ETFs 🔥🔥 Amid Soaring Market Reaction 😮
VanEck and 21Shares are planning to debut Solana exchange-traded funds (ETFs) in the United States, according to recent filings. The Chicago Board Options Exchange (Cboe) has urged the Securities and Exchange Commission (SEC) to approve these ETFs. This move comes after the successful listing of spot Bitcoin ETFs by VanEck and 21Shares, who are also seeking approval for spot Ethereum (ETH) ETFs.
The filings were submitted on Monday, and if approved, the Solona ETFs will be listed on Cboe. The SEC has a 240-day window to make a decision on these products. The price of Solana (SOL), the fifth-largest digital asset by market capitalization, jumped over 7% following the news, with its trading volume rising by 53.44% to $3.5 billion and a market cap of $66.2 billion.
James Seyffart, a Bloomberg analyst, noted that while the approval of spot Solana ETFs is not guaranteed, it could become more likely if there is a change in the SEC administration following the next presidential election.
