According to the SEC's official website, VanEck has applied to the U.S. Securities and Exchange Commission for a Solana ETF! Expert Matthew Sigel pointed out that SOL functions similarly to other digital commodities such as Bitcoin and Ethereum, and can be used to pay transaction fees and computing services on the blockchain. Like Ethereum on the Ethereum network, SOL can also be traded on digital asset platforms or used for peer-to-peer transactions.
A few days ago, it was still being discussed whether SOL would be listed as a security, and today's news of the ETF application gave SOL a major boost, and it instantly had a huge market hype space. As a result, SOL quickly launched a round of crazy surges!
Investors are optimistic about how high SOL can reach in the future, and it is expected that with the entry of more institutions and investors, SOL is expected to continue to enjoy a strong upward momentum.
