VanEck kicks off solana ETF bid in the US

VanEck filed for a spot solana ETF with the US Securities and Exchange Commission on Thursday morning. 

The VanEck Solana Trust ETF still needs approval from the SEC. It would track the performance of solana’s price, according to the filing, and the ETF would be listed on the Cboe BZX exchange if approved.

“The Trust provides direct exposure to SOL and the Shares of the Trust are valued on a daily basis using prices drawn from a carefully evaluated group of trading platforms selected by MarketVector, which utilizes the CCData Centralized Exchange Benchmark data to construct the MarketVectorTM Solana Benchmark Rate,” the filing said. 

The firm said that there has “yet to be…

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