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Solana ETF Proposal Filed by VanEck
The price of Solana has surged by more than 7% on the news.
New York-based investment firm VanEck has filed a proposal to launch a spot Solana exchange-traded fund (ETF).
The VanEck Solana Trust is supposed to provide direct exposure to SOL.
Its shares would be valued on a daily basis using prices drawn from trading platforms selected by MarketVector.
Investors would be able to get access to the red-hot altcoin through shares that are held in a traditional brokerage account.
This eliminates potential risks that are associated with holding the token directly.
