VanEck Files for Solana ETF, SOL Rises 8%

in solanaetf •  4 months ago 

Asset manager VanEck filed to sell shares in a Solana ETF (https://www.coincarp.com/currencies/solana/), the first such registration in the U.S., just six days after 3iQ filed for a similar product in Canada.
The S-1 registration form lodged with the Securities and Exchange Commission (SEC), helped lift the SOL token’s 24-hour gain to almost 8%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, has added 1.8%.
VanEck has been known to be a first mover in this space. The asset manager was the first to file for a spot ether (ETH) ETF back in 2021, almost three years before the SEC began to engage with issuers that now include BlackRock, Fidelity, Ark Invest and others. An additional filing was lodged in September last year.

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4 months ago by

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