VanEck, whose Bitcoin spot ETF is open for trading and is awaiting approval for its Ether spot ETF, has also filed a Solana spot ETF application with the SEC. VanEck’s spot ETF filing means that the fund will directly and directly hold SOL tokens.

Is Solana next after Bitcoin and Ether?

As it is known, the US Securities and Exchange Commission (SEC) approved Bitcoin spot ETFs on January 10. ETFs were opened for trading 1 day later on January 11. The SEC, which also approved Ether ETFs in May, is expected to approve S-1 filings within a few weeks and Ether spot funds are expected to open for trading.

The crypto world had been in a similar expectation regarding Solana for a while after the approval of Bitcoin and Ether funds. Solana has gained a serious investor base in the US with its Saga phones, fast transactions and low transaction fees, and has not lost this audience despite recent technical problems.

VanEck also stated in its application to the SEC that Solana is a commodity. In many of its previous investigations and cases, the SEC claimed that Solana was a security.

On the other hand, VanEck’s application does not include staking as in Ether.