VanEck files first SOL ETF bid

This crypto market is full of surprises and sometimes we get to hear the news that we are expecting. I mean to say that after the ETF approval for Bitcoin and ethereum the next coin which is expected to be in the list is solana. This coin is quite popular in the market and it looks promising at least in the current market situation but again there is no guarantee of the future returns because it is all dependent upon the market and over all adoption in the crypto space.

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I have recently invested on this coin because I believe that this is a promising project which can turn out be even more profitable in next few years. Investment is never guaranteed in most of the scenarios and we take certain risks while investing on any instrument.

VanEck Solana Trust will track and reflect the performance of SOL prices as the firm attempts to foray deeper into crypto-backed investment vehicles. Similar to update prospectus submissions for spot Ethereum (ETH) ETFs, VanEck’s filing stressed the absence of staking for its Solana Trust.

At this point of time we don't know what is going to happen but this is the beginning of another exchange traded fund in the Crypto market and it will not be a surprise if this also gets approved. Everything is unpredictable in this market and hard to predict the outcome. I don't think we should have a debate on this topic because that is not required and it is also because we never know what is going to happen and maybe we can get the ETF approved for this coin as well. This process my take some time which can be next few months or next few years but you think Google then having the ETF are solana will also be reality in the market.

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