Solana's turn! VanEck submits application to the SEC

After Bitcoin and Ethereum, Solana is now following suit. Asset manager VanEck is filing for a SOL Spot ETF in the US.

VanEck has filed an application for a Solana Spot ETF with the Securities and Exchange Commission (SEC). The asset manager announced this on the platform X (formerly Twitter). It would be the first Solana Spot ETF to launch in the US.

Several experts have expressed increasing optimism about the approval of an SOL ETF in recent weeks. Previously, VanEck had successfully submitted applications for approval of a Bitcoin and most recently an Ethereum ETF.

But it will be some time before a Solana ETF is really given the green light. After all, the SEC is not exactly known for its speed and positive attitude toward the crypto sector. Earlier, the investment fund 3iQ had applied for an SOL ETF in Canada.