VanEck To Launch Solana ETF In Germany

VanEck is set to release the Solana ETF in Germany. Blockworks has sent a request to VanEck and Sam Bankman-Fried, one of the first investors in Solana, to comment on the plans for the German market. A request was sent through Alameda Research, but there was no response.

VanEck currently has a filing with the US Securities and Exchange Commission (SEC) to launch a US ETF that will invest directly in bitcoins. The company has also applied to create a fund that will invest in bitcoin futures contracts. VanEck filed an application with the SEC to launch an ETF on Ether last month, but then withdrew the application.

Previously, VanEck's head of digital assets research, Matthew SIGEL, noted the rapid development and prospects of Solana. He also stressed that the number of smart contracts on the Solana network is growing rapidly. Solana is priced at $142 at the time of writing, according to CoinMarketCap.

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