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VanEck: VanEck Solana Trust is the first Solana ETF to be filed in the United States

2024-06-27 13:28:23

SOL-2.61%

BTC-0.84%

ETH-0.89%

Odaily Star Daily News - Matthew Sigel, Director of Digital Asset Research at VanEck, stated that they have applied for a Solana ETF with the US Securities and Exchange Commission (SEC). This new fund is called the VanEck Solana Trust and is the first Solana ETF to be applied for in the United States. Sigel said: "The native token SOL has similar functions to other digital commodities such as Bitcoin and Ethereum, and is used to pay transaction fees and compute services on the blockchain. Like ETH on the Ethereum network, SOL can be traded on digital asset platforms or used for peer-to-peer transactions." (Cointelegraph)

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