exchange-traded fund with the U.S. Securities and Exchange Commission, marking the first such filing on Wall Street. The VanEck Solana Trust aims to reflect the performance of the SOL token, excluding operational expenses. If approved, the ETF will be listed on the Cboe BZX Exchange. VanEck’s head of digital assets research, Matthew Sigel, cited Solana’s decentralized nature in a social media post, comparing SOL to other digital commodities like Bitcoin and Ether.
“Financial regulators have used multiple tools at their disposal to try to cripple the digital-asset industry. This is no way to regulate.”“We have a set of rules that are pretty clear. There’s nothing inconsistent about crypto securities and the securities laws.”“We are going into this automated world where AI is going to create enormous amounts of wealth, and Bitcoin is going to protect that wealth.”perfect conditions for a fresh BTC price breakout, two classic indicators suggest.
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