search
Homeweb3.0VanEck Exec Remains Confident On Solana ETF Launch, Here's Why

VanEck Exec Remains Confident On Solana ETF Launch, Here's Why

Aug 20, 2024 am 09:17 AM
Cryptocurrency VanEckSolana ETF

Matthew Sigel the Head of Digital Asset Research at asset manager VanEck noted that Solana is a commodity like Bitcoin and Ethereum citing legal perspectives

VanEck Exec Remains Confident On Solana ETF Launch, Here's Why

VanEck, a leading asset manager, has remained optimistic about the approval of its Solana exchange-traded fund (ETF) following reports that the company's 19b-4 filing for the ETF was briefly removed from the CBOE website.

VanEck Executive Believes Solana Is A Commodity

In response to these rumors, Matthew Sigel, Head of Digital Asset Research at VanEck, took to Twitter to address the matter and express the company's stance on the classification of Solana (CRYPTO: SOL).

"For the record, VanEck believes SOL is a commodity, much like BTC and ETH. This belief is informed by evolving legal perspectives, where courts and regulators have begun to recognize that certain crypto assets may function as securities in primary markets but behave more like commodities in secondary markets," Sigel stated.

The asset manager's optimism toward the approval of its Solana ETF is further supported by the increasing demand for new ETFs in the market.

Following the launch of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs earlier this year, the race to introduce new ETFs has gained significant momentum among both users and companies.

VanEck's 19b-4 filing was initially submitted in January, proposing the creation of a new ETF that would track the performance of Solana. The ETF was set to be listed on CBOE BZX Exchange.

However, eagle-eyed crypto commentators noticed that the filing was later removed from the CBOE website, sparking rumors and speculation about the status of VanEck's Solana ETF application.

Theساسنافية of the matter is that the filings for VanEck's Solana ETF were briefly removed from the CBOE website, but they have since been restored.

This aligns with the asset manager's optimism toward the approval of its Solana ETF, which is further bolstered by the increasing demand for new ETFs in the market.

The above is the detailed content of VanEck Exec Remains Confident On Solana ETF Launch, Here's Why. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Remittix (RTX) Promises Real-World Payments, Toncoin (TON), Polkadot (DOT), and Litecoin (LTC) Also Eyeing GrowthRemittix (RTX) Promises Real-World Payments, Toncoin (TON), Polkadot (DOT), and Litecoin (LTC) Also Eyeing GrowthApr 11, 2025 am 10:28 AM

With the cryptocurrency market continuously fluctuating, many people hunt for signals regarding which coins will surge. Toncoin (TON), Polkadot (DOT), and Litecoin (LTC) all offer distinct attributes

As Risk Assets Including Cryptocurrencies Struggled, Tokenized Gold Once Again Emerged as an OutperformerAs Risk Assets Including Cryptocurrencies Struggled, Tokenized Gold Once Again Emerged as an OutperformerApr 11, 2025 am 10:26 AM

The market capitalization of gold-backed tokens swelled to just under $2 billion on Wednesday, up 5.7% over the past 24 hours

Venture Fund Node Capital Launches a New Liquid Fund Dedicated to Web3Venture Fund Node Capital Launches a New Liquid Fund Dedicated to Web3Apr 11, 2025 am 10:24 AM

In a strategic move to deepen its footprint across the rapidly evolving Web3 landscape, leading venture fund Node Capital—part of the broader Node Group—today announced the launch of a new liquid fund dedicated to liquid tokens and on‑chain strategie

BTC-Pegged Meme Coin BTCBULL Raises Over $1M in PresaleBTC-Pegged Meme Coin BTCBULL Raises Over $1M in PresaleApr 11, 2025 am 10:20 AM

What occurs when one of the blockchain ecosystems that is changing the fastest combines innovation and momentum?

Despite Big Investors Dumping Millions of Tokens, Solana (SOL) Price Remains Above $110Despite Big Investors Dumping Millions of Tokens, Solana (SOL) Price Remains Above $110Apr 11, 2025 am 10:18 AM

Solana has been able to remain above the key $110 price level even as big investors offload millions worth of tokens. The cryptocurrency is now trading at $114

Amid Recent Market Volatility, Hedera (HBAR) Has Been Showing Promising Signs of a Potential Price ReversalAmid Recent Market Volatility, Hedera (HBAR) Has Been Showing Promising Signs of a Potential Price ReversalApr 11, 2025 am 10:16 AM

The cryptocurrency's Long/Short ratio, a key metric that reflects market sentiment, has hit a 30-day high, signaling a shift toward more bullish positions.

Harry Hippo Challenges One-Sided Model With a Blockchain Gaming SystemHarry Hippo Challenges One-Sided Model With a Blockchain Gaming SystemApr 11, 2025 am 10:14 AM

For decades, gamers have invested countless hours and dollars into virtual worlds where they gain nothing tangible in return. Harry Hippo challenges this one-sided model

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)