VanEck makes a formal application to #SEC for the first ETF of S#Solana🚀
VanEck, a prominent asset manager, has filed an S-1 registration form with the United States Securities and Exchange Commission (SEC) for a Solana exchange-traded fund (ETF) (SOL).
The news has caused an increase of almost 7% in the value of SOL.
VanEck asks the SEC to authorize the first Solana ETF
This filing marks the first registration of a Solana ETF in the United States, just six days after the launch of a similar product in Canada.
The news has caused an increase of almost 7% in the value of $SOL . Source: CoinGecko
The SEC approved the first #Bitcoin ($BTC spot ETF) in February, and an ETH ETF is expected to launch soon. Analysts predict that the $ETH ETFs would attract $5 billion in net new flows over the first five months .
#BinanceTournament"
