One of the major asset managers has applied for the Solana ETF, according to multiple sources.
Investment manager VanEck has filed to register an exchange-traded fund (ETF) tied to the spot price of the Solana cryptocurrency (SOL), according to a regulatory filing on Thursday, June 27.
Another one. First to file for a Solana exchange-traded fund. https://t.co/klazclgYc6
— VanEck (@vaneck_us) June 27, 2024
The filing comes after 3iQ Digital Asset Management announced on June 21 the filing of The Solana Fund’s (QSOL) preliminary prospectus with Canadian securities regulators, excluding Quebec.
Two asset managers are preparing to introduce a new class of cryptocurrency investment products that combine traditional exchange-traded fund (ETF) structures with staking income from Ethereum and Solana holdings.
Institutional interest in Ethereum is clearly picking up—at least on paper. Spot Ethereum ETFs have seen nine straight days of net inflows, with BlackRock’s ETHA and Fidelity’s FETH leading the charge.
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