VanEck filed to list a Solana spot exchange-traded fund in the US after the approval in January of Bitcoin ETFs. The asset manager says it considers Solana a commodity, like Bitcoin or Ether. Solana jumps more than 10% following the news of the filing. Solana price surged by 10% on Thursday following the announcement of Van Eck filing the first Solana exchange-traded fund in the US.
Why did we file for it? A competitor to Ethereum, Solana is open-source blockchain software designed to… pic.twitter.com/XwwPy8BXV2 — matthew sigel, recovering CFA June 27, 2024 Van Eck, known for filing the first Ethereum ETF in 2021, may signal a broader trend as the approval of spot Bitcoin and Ethereum ETFs potentially paves the way for more crypto ETFs in the US. Previously, the SEC had categorized SOL as a security.