The recent surge in Solana's price can be attributed to several factors. One significant reason is the announcement that VanEck has filed for a Solana Trust with the SEC. This move is part of VanEck's broader strategy to introduce a spot exchange-traded fund (ETF) for Solana, similar to those being developed for Bitcoin and Ethereum. This development is seen as a positive step towards greater institutional adoption of Solana, making it more accessible to mainstream investors.
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