Funding agency VanEck on Thursday mentioned it has filed an utility for Solana Belief with the U.S. Securities and Change Fee. VanEck has began the method for a Solana exchange-traded fund (ETF), changing into the primary to file for Solana.
In a Type S-1 submitting with the U.S. Securities and Change Fee on June 27, VanEck submitted an utility for registering Solana Belief for an exchange-traded fund monitoring the spot worth of Solana.
Matthew Sigel, head of digital asset analysis for VanEck, additionally expressed pleasure concerning the first Solana exchange-traded fund (ETF) within the US. “We imagine the native token, SOL, features equally to different digital commodities corresponding to Bitcoin and Ethereum. It’s utilized to pay for transaction charges and computational providers on the blockchain. Like ether on the Ethereum community, SOL will be traded on digital asset platforms or utilized in peer-to-peer transactions”
Merchants responded instantly as SOL worth skyrockets over 9% inside minutes of the announcement by VanEck. At press time, SOL price is buying and selling at $148. The 24-hour high and low are $134.93 and $148.40, respectively. Moreover, the buying and selling quantity has elevated barely in the previous few hours, indicating an increase in curiosity amongst merchants.
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