coindesk.com
$SOL is trading at $148, which has jumped by 6% since the filing went live.
It marks the first Solana ETF registration in the U.S.
Asset manager VanEck has filed an S-1 registration form for a Solana ($SOL) exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC), prompting $SOL to jump by more than 6%.
It marks the first ETF registration for Solana in the U.S. six days after a similar product launched in Canada.
The SEC approved the first spot bitcoin (BTC) ETFin February while an ether ETF appears to be on the near horizon. Analysts are predicting that $ETH ETFs would lure $5 billion of net inflows in the first five months.
VanEck underwent a similar process when initially filing for its ether ($ETH) ETF.