VanEcks Application for Solana ETF Approved in the United States Following Bitcoin and Ethereum

CoinDesk reports:
VanEck filed an S-1 registration statement for its “VanEck Solana Trust” on Thursday, marking the first public attempt in the United States to launch a spot Solana (SOL) ETF.
The prospectus indicates that the product will be an “exchange-traded fund” designed to “reflect the performance of Solana” by directly backing the trust’s shares with SOL tokens. VanEck intends to list on the Cboe BZX Exchange.
The statement clarified, “If any portion of the Trust’s SOL is used to earn staking rewards, earn additional SOL, or generate income or other gains, the Trust and the Sponsor… will not take any action.”
Last month, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 applications from several exchanges, allowing them to list Ethereum spot ETFs on their platforms. The S-1 filings for the aforementioned Ethereum ETFs have not yet been approved, although comments and expert analysis from the agency suggest they may go live next week.
This story is developing and will be updated with more information.