VanEck applies to SEC for the first Solana blockchain-based ETF.

VanEck, an investment management firm, has applied to the US Securities and Exchange Commission (SEC) for the creation of the first exchange-traded fund (ETF) based on the Solana blockchain. The move follows the approval of spot bitcoin ETFs earlier this year and the SEC's consideration of nine proposals for spot Ethereum funds. Solana's native cryptocurrency is the fifth-largest token with a $69 billion market capitalization.

June 27, 2024
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