(Friday 05 July 2024, 03:49 AM GMT):
The cryptocurrency market has seen a notable downturn recently, with Solana ($SOL) experiencing a 13.65% price drop over the past 48 hours, now trading at $123.18. This sharp decline comes amidst the Bitcoin selling rumors from Germen Govt and Mt.Gox.
Financial institutions VanEck and 21Shares have both filed applications for a Solana (SOL) spot Exchange Traded Fund (ETF). Investors are now on edge, waiting for the final decision on these applications.
Nate Geraci, the President of The ETF Store, has hinted that a Solana spot ETF might be launched as early as next year. Although he didn't provide a specific launch date, Geraci's statement has generated buzz and anticipation in the crypto world.
Launching a Solana spot ETF would be a groundbreaking event for the cryptocurrency market. Solana has been making waves with its high-performance blockchain, known for its scalability and rapid transaction speeds. Introducing an ETF focused on Solana would give investors a new way to access this emerging digital asset.
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