Solana ETFs Move Forward: SEC Acknowledges Canary Trust’s Filing Amid Growing...
The US Securities and Exchange Commission (SEC) has made a noteworthy advancement in the potential introduction of new altcoin-based financial products by acknowledging several filings for Solana ETFs. Solana ETFs Potential In a regulatory filing, the SEC opened up the floor for public comments on the proposed “Canary Solana Trust,” aimed at facilitating mainstream investment […]
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The best crypto to buy are now shining stronger that the SEC has acknowledged the filing of the first-ever SUI-based ETF by Canary Capital – an institutional crypto management and trading firm. SUI is a layer-1 blockchain solution offering high-speed transactions through ‘horizontal scaling.’ It processes unrelated transactions simultaneously instead of processing each transaction individually, saving a lot of time. SUI is also among the top 10 on the list of chains with the most Total Value Locked (DeFi). It houses more than $2B. If approved, this would become the US’s first public....
Here’s a list of the people who think a Solana ETF is incoming: everyone. And here’s a list of the people who think a $SOL ETF could send Solana – and Solaxy, a much-needed Solana Layer 2 – sky-high: also everyone. That’s right, Solana is gaining serious momentum. Cantor Fitzgerald’s analysts report that Solana-focused firms DeFi Development, Upexi, and SOL Strategies will raise each raise $250M this year for various crypto-related efforts, including $SOL treasuries. Both the pending $SOL ETFs and current treasury efforts underscore SOL’s strengths: a unified, low‑cost, and....
The cryptocurrency market has taken another step towards regulated and mass investment in cryptocurrencies with the first-ever application for a Solana ETF in the US by asset manager and Bitcoin ETF issuer VanEck. Following the approval of spot Bitcoin ETFs in January and the anticipated launch of Ethereum ETFs in July, this development marks another milestone in expanding cryptocurrency investment options for retail and institutional investors. The news of VanEck’s Solana ETF filing with the US Securities and Exchange Commission (SEC) caused a surge in the native token SOL, with....
In a significant move that marks a new milestone for the entire cryptocurrency industry, leading asset manager and Bitcoin Exchange-Traded Fund (ETF) issuer VanEck has officially filed the first-ever Spot Solana ETF with the US Securities and Exchange Commission (SEC). VanEck Files For Spot Solana ETF The Solana ETF filing announcement was made by Matthew […]
With the Spot Bitcoin and Ethereum ETF already trading, there have been discussions about whether or not fund issuers will apply for other crypto ETFs. Specifically, market experts have questioned if the world’s largest asset manager, BlackRock, will file for spot ETFs for other altcoins like Solana and XRP. BlackRock Unlikely To File For Spot […]