VanEck Hints At Introducing a Spot In Solana ETF

VanEck Gave Hints On Spot Solana ETF Approval

VanEck has indicated at the possibility of introducing a spot Solana ETF, driven by significant interest from attendees at a recent Bitcoin conference. With spot Ethereum ETFs now trading, investors are looking toward Solana as the next potential crypto ETF. 

VanEck's recent X post suggests strong interest and sufficient liquidity for a Solana ETF, which could facilitate SEC approval. However, BlackRock's Head of digital assets, Robert Mitchnick, voiced opposition to more crypto ETFs, arguing that altcoins other than Ethereum make up less than 5% of the total crypto market cap, questioning the need for additional ETFs.

Moreover, according to the sentiment data, Solana has recently overtaken Binance Coin to become the fourth-largest crypto by market capitalization. This marks the first time in four years that SOL has surpassed BNB during its latest surge.

To know more- Crypto Jan van Eck