Vaneck is the first to position itself to launch a solana ETF, while the SEC has still not given the green light for ether ETFs.

Soon a Solana exchange-traded fund (ETF) in the United States? The asset manager Vaneck announced through one of its managers on Thursday, June 27, that it had filed a request with the SEC (the American stock market regulator) to be able to market an ETF based on the spot prices of solana (SOL).

“I’m happy to announce that Vaneck has just filed the first solana exchange-traded fund (ETF) in the United States,” Matthew Sigel, head of digital assets research at Vaneck, said on X (ex-Twitter ).

Vaneck is the first to position itself to launch a solana ETF, while the SEC has yet to give its final green light for ether ETFs. Matthew Sigel explains that he believes a solana ETF should be allowed, especially since “this SOL token functions similarly to other digital products such as bitcoin and ether.”

Solana “is used to pay for transaction fees and computing services on the blockchain” and “like ether on the Ethereum network, SOL can be traded on digital asset platforms or used in peer-to-peer transactions,” says Matthew Sigel.

Transaction validation and recordkeeping of the Solana blockchain is managed by numerous independent validators located around the world. These validators are responsible for processing transactions and securing the network, to ensure that no one person or entity can take control of the system. The price of solana reached 135 euros on Friday at 10:30 a.m., up almost 7% in 24 hours, according to data from Coinmarketcap.

Antoine Larigaudrie and Sébastien Bordry

Source: https://www.bfmtv.com/crypto/regulation/bientot-un-etf-solana-le-gestionnaire-d-actifs-vaneck-fait-une-demande-aux-etats-unis_AV-202406280428.html



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