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Solana ETF Approval Stands Strong: VanEck Exec

source-logo  coingape.com 10 July 2024 15:04, UTC

In a recent interview transcript with Matthew Sigel, Head of Digital Assets Research at VanEck, expressed confidence in the prospects of a Solana Exchange-Traded Fund (ETF). He believes that Solana ETF approval stands strong despite challenges posed by the absence of a regulated futures market. Sigel highlighted that while conventional wisdom often ties ETF viability to the existence of a robust futures market, sectors such as uranium and others have demonstrated that this correlation does not always dictate market success.