Golden Finance reported that according to SEC documents, asset management institution VanEck has submitted Solana Trust (VANECK SOLANA TRUST) application documents to the US SEC. VanEck Solana Trust is an ETF that issues equity common shares, which are expected to be listed and traded on Cboe BZX Exchange Co., Ltd., subject to issuance notification. The trust's investment objective is to reflect Solana's price performance, minus trust operating expenses. To achieve its investment objectives, the trust will hold SOL and value its shares daily based on the MarketVectorTM Solana benchmark exchange rate.