{"id":33577,"date":"2024-07-04T07:04:06","date_gmt":"2024-07-04T07:04:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/vaneck-bets-on-trumps-win-with-solana-etf-filing\/"},"modified":"2024-07-04T07:04:06","modified_gmt":"2024-07-04T07:04:06","slug":"vaneck-bets-on-trumps-win-with-solana-etf-filing","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/vaneck-bets-on-trumps-win-with-solana-etf-filing\/","title":{"rendered":"VanEck Bets on Trump’s Win with Solana ETF Filing"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Matthew Sigel, VanEck\u2019s head of digital assets research, has confirmed the firm\u2019s recent Solana (SOL) exchange-traded fund (ETF) filing hinges on Donald Trump winning the next presidential election. Last week, VanEck made headlines as the first US company to submit an S-1 registration statement for a SOL ETF to the Securities and Exchange Commission (SEC).<\/p>\n

Speculation Around the Filing<\/h2>\n

Bloomberg ETF analyst Eric Balchunas speculated that VanEck\u2019s filing acts as a \u201ccall option on the POTUS election.\u201d He explained, \u201cThe knee-jerk reaction here is: \u2018oh, this will never be approved because there aren\u2019t Solana futures.\u2019 Agree, but if [there\u2019s a] change at POTUS (President of the United States) I think anything [is] possible. Just imagine [Commissioner on the SEC] Hester Peirce (or someone like that) running the SEC.\u201d Sigel validated Balchunas\u2019 theory on the social media platform X, confirming the political angle of the filing.<\/p>\n

Trump has claimed he will serve as \u201cthe crypto president,\u201d which has garnered support from many digital asset stakeholders. They view the Biden Administration as hostile toward the sector. Despite this recent shift, Trump hasn\u2019t always supported crypto. In May 2018, he reportedly told then-Treasury Secretary Steven Mnuchin to \u201cgo after Bitcoin<\/a> [for fraud].\u201d Three years later, he called digital assets \u201ca disaster waiting to happen\u201d and revealed he owned zero cryptocurrencies.<\/p>\n

VanEck\u2019s proposed ETF, named the VanEck Solana Trust, aims to be listed on the Cboe BZX Exchange pending approval. This move aligns with VanEck\u2019s strategy to capitalize on potential regulatory changes under a new administration. Additionally, fintech firm 21Shares has also filed for a SOL ETF, indicating growing interest in Solana among institutional investors.<\/p>\n

By betting on a political shift, VanEck demonstrates a unique approach to navigating the uncertain regulatory landscape surrounding digital assets. If successful, this strategy could pave the way for similar financial products, reflecting a broader acceptance and integration of cryptocurrencies in traditional finance.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) Matthew Sigel, VanEck\u2019s head of digital assets research, has confirmed the firm\u2019s recent Solana (SOL) exchange-traded fund (ETF) filing hinges on Donald Trump winning the next presidential election. Last week, VanEck made headlines as the first US company to submit an S-1 registration statement for a […]<\/p>\n","protected":false},"author":35,"featured_media":28598,"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":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33577"}],"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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33577"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28598"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}