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International Business Times
International Business Times
Business
Marvie Basilan

$SOL Surges After VanEck Files To Issue US' First Solana ETF

VanEck Solana ETF Matthew Sigel SEC United States Eric Balchunas James Seyffart Crypto Bitcoin
Will the U.S. see its first Solana ETF soon? Some industry analysts project a 2025 launch under a new administration. (Credit: Shubham's Web3/Unsplash)

KEY POINTS

  • Coinbase's Sigel wrote that VanEck believes in Solana's decentralized nature
  • Bloomberg's Seyffart said a 2025 launch is possible if a new White House and SEC admin is seated
  • The SEC has yet to decide on the full approval of spot Ethereum ETFs

Solana (SOL), the native cryptocurrency of the Solana blockchain, soared Thursday after investment management firm VanEck filed with the U.S. Securities and Exchange Commission (SEC) for the country's first potential spot SOL exchange-traded fund (ETF).

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