With the recent approval of Ethereum and Bitcoin spot exchange traded index funds in the US, market experts believe that SEC approval of similar products in the ALTCOINS industry is only a matter of time. In addition, institutional investors looking to diversify their cryptocurrency portfolio are actually in high demand for altcoins.
I am pleased to announce that VanEck has just filed to create the first Solana-listed fund (ETF) in the United States.
Below are some thoughts on why we view salt as a commodity.
Why did we file the application?
According to Siegel, the #Solana network has grown into a popular #web3 ecosystem, resulting in a total blockchain value (TVL) of about $440 billion. With a stablecoin market value of nearly $4 billion, the Solana network is attracting more and more web3 developers, as evidenced by the colorful coin meme.
The recent announcement by the SEC that it will no longer investigate #ЛюбимыйТокен for securities law violations has boosted confidence in #altcoins .
VanEck's application to create the Solana ETF is further proof that altcoins are coming to Wall Street.
Cryptocurrencies can help bring volatility and risk back to the public market.
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