VanEck Files for a Spot Solana ETF

Krutika Adani

VanEck Bullish on Solana

In a surprising move, VanEck has applied to the SEC for its spot in the Solana ETF.

ETFs May Lead to a 9X Price Rise in SOL

As per GSR Markets, a crypto analytics firm, approving Solana ETFs might result in a 9x gain for SOL.

Approval Could Get Delayed

However, some have suggested that approval might not be possible soon.

Expert Comments

Ripple CEO Brad Garlinghouse added that altcoin ETFs like Solana and XRP could take the crypto market cap to $5 trillion.

Opens the Way for More Altcoin ETFs

The ETF is expected to open the gates for more altcoin ETFs like XRP, Dogecoin and Shiba Inu.