VanEck Investments is seeking to secure a Solana-related spot.SOL) exchange-traded fund (ETF), according to a new filing with the U.S. Securities and Exchange Commission (SEC).
S-1 Registration was submitted by the company statement On Thursday, the Securities Regulation Authority received an email from VanEck Solana Trust regarding the SOL SOL ETF.
VanEck is the United States’ first SOL ETF company. If the SEC approves the application, it will be listed at the Cboe BZX Exchange.
Solana’s stock price soared from $130 in 24 hours to $150 today, an increase of more than 15 percent.
Bitcoin is now a SEC-approved spot (BTCEarlier this year, ETFs have been introduced. indicated Spot EthereumETHSoon, ETFs are expected to be approved.
Bloomberg ETF analyst Eric Balchunas predicts The application will likely be approved if the former US president Donald Trump wins over Joe Biden at the November election. Trump is perceived Biden is more interested in digital assets.
“The knee-jerk reaction here is: ‘oh, this will never be approved because there aren’t Solana futures.’ It’s true, but it isn’t the only way. [there’s a] If I were to change anything about POTUS, (President Of The United States), then it would be a good thing. [is] possible. Imagine. [Commissioner on the SEC] Hester Peirce (or someone like that) running the SEC…
I see this filing as a call option on the POTUS election… I don’t blame them for trying this. “Why not?”
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