All Articles

VanEck Wants To Bring A Solana ETF To The USA

June 28, 2024
x min read

The popularity of spot Bitcoin ETFs in the United States has been undeniable. And now, VanEck wants to launch another crypto focused ETF.

What’s happening:

  • Asset management giant VanEck has filed an official application with the Securities and Exchange Commission to launch an ETF for Solana on a major United States stock exchange
  • The new ETF is known as the VanEck Solana Trust and is seeking to initially list on the Cboe exchange

Why it matters:

  • If approved, this would be the first ever Solana ETF to be listed in the United States and would offer traditional markets exposure to direct ownership of Solana for the very first time

Going deeper:

The intrigue:

  • Solana also recently announced a partnership with PayPal (NASDAQ: PYPL) to leverage their layer one blockchain for low transactions of PayPal’s stablecoin PYUSD

Discover what’s next. The world’s biggest ideas, disruptive trends, most exciting early stage companies and groundbreaking entrepreneurs.

By clicking Subscribe you're confirming that you agree with our Privacy Policy.
Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Oops! Something went wrong while submitting the form.