Solana SPOT ETF Updates

By- Nilesh Hembade (Coinsprobe) Date: 02 July 2024

1. VanEck and 21Shares applications: Both asset managers have filed for a spot Solana ETF with the US Securities and Exchange Commission (SEC).

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2.VanEck, which had nearly $102 billion in assets under management

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3. 21Shares offers the largest suite of crypto- currency exchange-traded products (ETPs) in the world, making cryptocurrency invest- ing more accessible.

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4. Market size: Solana could become the third-largest crypto asset by market capitalization after Bitcoin and Ethereum.

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5. GSR Markets prediction: Analysts predict Solana's price could 9X if the ETF is approved, driven by institutional investment.

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6.Price movement: Solana's price rose 10% after VanEck's application on 27 June 2024.

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7.SEC review: The SEC is reviewing the applications, with a decision expected in the coming months.

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Disclaimer

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