Solana summer just started! ☀️
VanEck announced the first application for Solana spot ETF in the United States. VanEck said that Solana is a commodity that provides a better user experience than Ethereum. In 2021, Grayscale launched the Solana Trust Fund, which is aimed at institutional investors and high net worth investors. Any portion of the Trust's SOL will not be used to earn staking rewards, to earn additional SOL or to generate income or other earnings.
However, SOL faces some difficulties in applying for a spot ETF. For example, it does not have a futures ETF like Bitcoin and Ethereum. In addition, the SEC once ruled that SOL is a security, causing Robinhood to delist SOL.
while Sol boyz hold the 125$ support now traders getting ready for Sol szn and Sol memes pump
we can have an small pullback and another attack to higher level 150, 155 and 157$
VanEck announced the first application for Solana spot ETF in the United States. VanEck said that Solana is a commodity that provides a better user experience than Ethereum. In 2021, Grayscale launched the Solana Trust Fund, which is aimed at institutional investors and high net worth investors. Any portion of the Trust's SOL will not be used to earn staking rewards, to earn additional SOL or to generate income or other earnings.
However, SOL faces some difficulties in applying for a spot ETF. For example, it does not have a futures ETF like Bitcoin and Ethereum. In addition, the SEC once ruled that SOL is a security, causing Robinhood to delist SOL.
while Sol boyz hold the 125$ support now traders getting ready for Sol szn and Sol memes pump
we can have an small pullback and another attack to higher level 150, 155 and 157$
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Following VanEck, 21Shares announced its application for the Solana spot ETF
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GSR Markets predicts that spot Solana ETFs in the US could boost SOL's price by up to 9x
SOLBTC heading to 0.0025$ as well