ETFs & Mutual Funds
Solana ETFs Seen as a ‘Long Shot’ That Might Still Attract Billions
- VanEck, 21Shares filed this week to offer Solana ETFs
- Advocates anticipate a shift in sentiment on regulation
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VanEck’s decision to file for an exchange-traded fund holding the Solana cryptocurrency may prove to be a “long shot” that analysts see worth taking with digital-asset advocates anticipating a shift in sentiment when it comes to regulation.
While similar ETFs have been approved for Bitcoin, and are expected to be green lighted for Ether shortly, they differ from Solana in a big way: Both have futures traded on the regulated CME exchange that the US Securities and Exchange Commission can monitor. Solana is also among the 19 tokens designated as unregistered securities by the agency when it sued Binance and Coinbase Global Inc. last year.