{"id":33201,"date":"2024-06-27T16:17:13","date_gmt":"2024-06-27T16:17:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sol-price-soars-after-vaneck-files-for-solana-etf\/"},"modified":"2024-06-27T16:17:13","modified_gmt":"2024-06-27T16:17:13","slug":"sol-price-soars-after-vaneck-files-for-solana-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sol-price-soars-after-vaneck-files-for-solana-etf\/","title":{"rendered":"SOL price soars after VanEck files for Solana ETF"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/solana-sol-symbol-on-smartphone-screen-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/solana-sol-symbol-on-smartphone-screen-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/solana-sol-symbol-on-smartphone-screen-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/solana-sol-symbol-on-smartphone-screen-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Solana (SOL) price rose more than 8% after news that asset manager VanEck had filed for a Solana ETF.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The VanEck Solana Trust is the first SOL exchange-traded fund application in the US.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">SOL, the native token of the <a href=\"https:\/\/coinjournal.net\/news\/tag\/solana\/\">Solana blockchain<\/a>, rose sharply on Thursday as the market reacted to news of VanEck filing for a spot Solana ETF.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from CoinGecko, the price of Solana moved from a low of $138 to above $150, adding more than 8% in intraday gains. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Solana\u2019s trading volume also spiked, increasing by more than 26% to over $2.8 billion.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">VanEck files for Solana ETF<\/span><\/h2>\n<p><span style=\"font-weight: 400\">On June 27, VanEck, an asset manager that also offers a spot Bitcoin ETF and has its spot Ethereum ETF on the verge of trading debut, made history as the first firm in the US to file for a Solana exchange-traded fund (ETF).<\/span><\/p>\n<p><span style=\"font-weight: 400\">The firm filed for its VanEck Solana Trust with the US Securities and Exchange Commission (SEC), noting in a statement that the company believes SOL to be a commodity as are BTC and ETH.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cSOL\u2019s decentralized nature, high utility, and economic feasibility align with the characteristics of other established digital commodities, reinforcing our belief that SOL may be a valuable commodity with use cases for investors, builders, and entrepreneurs looking for alternatives to the duopoly app stores,\u201d Matthew Sigel, VanEck\u2019s head of digital asset research, said in a <a href=\"https:\/\/x.com\/matthew_sigel\/status\/1806313241431138434\">statement<\/a> posted on X.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The community\u2019s reaction suggests this could be another positive development in the crypto space. SEC\u2019s approval of BTC ETFs in January and the recent not to spot Ether ETFs have analysts pointing at a maturing crypto ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recently, the firm 3iQ became the first to file for a Solana ETF with an application in Canada.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sol-price-soars-after-vaneck-files-for-solana-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Solana (SOL) price rose more than 8% after news that asset manager VanEck had filed for a Solana ETF. The VanEck Solana Trust is the first SOL exchange-traded fund application in the US. SOL, the native token of the Solana blockchain, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":33202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33201"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33201"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33202"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}