Oh, dear reader, gather ’round and heed my words, for the esteemed VanEck hath thrown its hat into the Solana ETF ring! 🎩 According to the illustrious Bloomberg ETF analyst, James Seyffart, VanEck submitted its preliminary prospectus on June 13, thus completing the lineup of hopeful Solana ETF providers.
- Fidelity, that stalwart of finance
- 21Shares, a worthy contender
- Franklin Templeton, a name synonymous with prudence
- Grayscale, a champion of crypto
- Bitwise, a paragon of innovation
- Canary, a songbird of finance
- VanEck, the latest addition to this merry band
These asset managers have all submitted S-1 or S-1/A forms, a critical step toward SEC approval of spot Solana ETFs. And, mark thee well, most filings include provisions for staking—a move that, if approved, would set a precedent for yield-generating ETF structures in crypto markets. A true coup de grâce for the world of finance!
The sudden momentum surrounding Solana ETF filings coincides with a broader regulatory shift under the SEC’s new leadership, which hath taken a more crypto-friendly stance in recent weeks. While spot Bitcoin and Ethereum ETFs have already been approved, no altcoin ETF hath yet received the green light from the Commission. This recent wave of Solana filings suggests issuers are anticipating that to change. Ah, the plot thickens!
The inclusion of staking in the filings also signals increasing comfort around the integration of DeFi-native yield mechanisms into traditional financial structures—a potential game-changer for altcoin-based ETFs. A true jeu de hasard, if thou wilt.
the world of finance shall never be the same again. 🤯
With multiple issuers now in the running and a more open regulatory climate, the first spot Solana ETF may not be far off. Ah, the suspense is killing me! 😱
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2025-06-14 09:29