VanEck’s Solana ETF Still Viable Amid Regulatory Hurdles, Says Firm
- VanEck’s Solana ETF application remains active despite the removal of 19b-4 forms from the Cboe website.
- Matthew Sigel insists Solana should be classified as a commodity, not a security, due to its decentralized nature.
- Solana’s top 100 holders now control 27% of supply, down from previous levels, enhancing decentralization.
VanEck underscores Solana’s robust decentralization, boasting over 1,500 validators across 41 countries, which positions it as a digital commodity akin to Bitcoin and Ethereum.
VanEck’s commitment to advancing the Solana ETF reflects the evolving landscape of digital asset regulation and the potential for broader market acceptance.
