According to CoinDesk, asset management firm VanEck has submitted an S-1 registration form to the Securities and Exchange Commission (SEC) for a Solana ( $SOL ) exchange-traded fund (ETF). This move has led to a 6% increase in SOL's trading value, now standing at $148. This marks the first registration of a Solana ETF in the United States, coming just six days after a similar product was launched in Canada.

The SEC had previously approved the first spot Bitcoin ( $BTC ) ETF in February, and it seems an Ether (ETH) ETF may soon follow. Market analysts predict that ETH ETFs could attract $5 billion in net inflows within the first five months of their launch.

VanEck had previously undergone a similar registration process when it initially filed for its Ether ( $ETH ) ETF. This recent move indicates a growing interest in cryptocurrency ETFs, particularly those based on Solana, a high-performance blockchain platform.

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