VanEck Executive Reveals Why The Firm Filed For A Spot Solana ETF

Quick Summary:

In a groundbreaking development for the cryptocurrency market, global asset management company, VanEck has filed for a Spot Solana Exchange Traded Fund (ETFS).

Matthew Sigel, VanEck’s head of research has outlined several compelling reasons driving the firm’s decision to file for a Spot Solana ETF.

He disclosed that Solana’s blockchain network effectively handles a high volume of transactions at a very moderate cost while employing a Proof of History (PoH) and Proof of Stake (PoS) consensus.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: HungaryUnited States

Topics: Spot Solana ETF news Solana Solana price SOLUSDT Solana Solana ETFs Solana ETFs news Solana ETF news SOL Solana news Solusd Spot Solana ETFs SOL news Solana ETF SOL price Spot Solana ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 14:30:05 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21410530

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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