VanEck Files for Solana ETF in the US

Investment firm VanEck has filed an application with the US Securities and Exchange Commission (SEC) to launch a Solana exchange-traded fund (ETF). This move follows the firm’s successful launches of Bitcoin and Ethereum ETFs. VanEck’s head of digital asset research, Matthew Sigel, stated that they believe Solana’s SOL token functions similarly to other digital commodities like Bitcoin and Ether. The proposed ETF aims to track the performance of the MVIS CryptoCompare Solana Benchmark Rate.Read more on Decrypt