Investing.com – The cryptocurrency asset management company VanEck made a move this week that has excited crypto participants for the second time.
After submitting the necessary documents to the SEC this week to start trading an ETF, VanEck officially applied today to issue a spot ETF.
Matthew Sigel, VanEck’s Head of Digital Asset Research, announced on X today that VanEck has applied to issue the first SOL ETF in the USA. The application details show that the VanEck Solana Trust is planned to be listed on the Cboe BZX Exchange, and according to the company’s statement, SOL assets will be held by VanEck and evaluated based on the MarketVectorTM Solana Benchmark Rate.
SEC had labeled Solana as a security
On the other hand, following VanEck’s application, the issue of the SEC defining many altcoins, including Solana, as securities…
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