Crypto pundits doubt Solana ETF will find approval any time soon — at least under this administration
VanEck, the New York City-based investment management firm moving deeper into crypto, has filed to launch an exchange-traded fund tracking the price of Solana’s native token, SOL +9.26%. However, some are skeptical that the current administration will approve it.
This latest filing represents the first attempt at launching a SOL ETF in the U.S. Many analysts have said such a move was inevitable after the U.S. Securities and Exchange Commission recently gave the green light to Ethereum-based funds, but few suspect it will be successful at first go.