VanEck Submits Final Filing for Solana ETF Launch with SEC
- VanEck has filed a Form 8-A with the U.S. SEC for its spot Solana ETF, indicating a potential launch soon.
- The filing follows an amended S-1 that disclosed a management fee of 0.30% and outlined its staking strategy.
- Spot Solana funds have experienced inflows for the last thirteen consecutive days, totaling approximately $370 million since the launch of BSOL on October 28.
- On Thursday, spot Solana funds saw inflows of about $1.49 million, marking the lowest day in this streak.
- Despite strong demand for SOL ETFs, the price of SOL is currently around $143, down by about 6% for the day.
The submission of Form 8-A signifies VanEck’s commitment to launching its Solana ETF, which could be available to investors imminently if approved by regulators. The ongoing interest in crypto ETFs continues despite external factors like government shutdowns.
With combined net inflows reaching $370 million since late October, VanEck’s move reflects significant investor interest in Solana as a viable asset in the cryptocurrency market.
