USA-based VanEck, one of the companies that issue the most ETFs in the world, is preparing to take a very interesting step. According to the latest news reported VanEck, specifically, it has rolled up its sleeves for a Solana (SOL) ETF within Germany. blockworks According to the information provided by Solana, which has gained incredible popularity recently, it has also attracted the attention of institutional investors and VanEck will try to take advantage of it.
VanEck Coming With Solana ETF
In fact, 21Shares, a less well-known company than VanEck, launched a Solana-based ETP in Switzerland in June, with the move. Although VanEck currently has a Bitcoin ETF application in the US and is waiting for the SEC’s response, it seems much easier to get ETF or ETP approval in Europe. Although there is no clear statement from VanEck at the moment, the information conveyed is that the Solana ETF will be announced in the coming months.
Solana, which is a competitor of Ethereum and offers support for up to 50,000 transactions per second, has recently broken a record with the NFT frenzy and even exceeded $ 200. Solana is known to attract the attention of institutional investors as well as individual investors, and it would not be surprising if VanEck took such a step. Solana, which has experienced a sharp decline for the last 1 week, will perhaps recover with the support of institutional investors and test above $ 200.
*As ETFs are the same as the stock or securities rules of that country, a crypto currency that is actually accepted as an ETF is indirectly approved by the government. Thus, the way for institutional investors to buy and sell cryptocurrencies is completely opened.
