U.S. asset supervisor VanEck filed for a Solana exchange-traded fund with the Securities and Trade Fee (SEC) on Thursday.
The spot SOL ETF software is the primary within the U.S.
SOL traded at US$147 at 11:00 a.m. ET, up 7%, in accordance with CoinGecko.
“We expect this mixture of excessive throughput, low charges, strong safety, and a robust group vibe makes Solana a lovely choice for an exchange-traded fund, providing traders publicity to a flexible and modern open-source ecosystem,” Matthew Sigel, head of digital asset analysis at VanEck stated on X.
The appliance comes lower than per week after 3iQ filed for the same Solana product in neighboring Canada, and a month after the SEC authorised spot Ether ETFs within the U.S.
Following the spot Ether ETF approvals in Could, analysts at Bernstein stated in a report that Solana is also categorised as a commodity.
The SEC not too long ago dropped its investigation towards Ethereum 2.0, which in accordance with Consensys, an Ethereum software program agency, means the company now views the asset as a commodity.
Nevertheless, the SEC has not formally categorised Ether as a commodity nor safety but.
In Could, the SEC authorised the 19b-4 filings for spot Ether ETFs, however the S-1 (registration assertion) filings, that are crucial for the launch of those monetary merchandise, haven’t but been finalized.
Bloomberg ETF skilled Eric Balchunas predicts that Ether ETFs may launch on July 2.
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