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

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BitcoinWorld 4d ago

VanEck Executive Reveals Why The Firm Filed For A Spot Solana ETF (ETFS) - BitcoinWorld

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.

Bloomberg analyst James Seyffart has predicted that a Solana ETF will most likely be launched in 2025, potentially paving the way for more cryptocurrency ETFs to enter the market.