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Yes, here is a major development that will rekindle the excitement of bull markets in cryptocurrencies. The first move has been made. Action is being taken for Solana (SOL), one of the largest smart contract platforms in the crypto ecosystem. It was announced that the first application was just made.
Solana (SOL) Breaking News
An important recent development that will rapidly increase the price of SOL Coin has now circulated. VanEck has applied for an ETF for Solana, the most active network after the Ethereum network. Rumors about the Spot SOL Coin ETF had occupied the agenda for a long time. Although investors did not care much since we saw similar rumors for XRP Coin, an official filing was made.
VanEck, an issuer of Spot Bitcoin and Ethereum ETFs, just applied for a Spot SOL ETF. The completed S-1 Form was uploaded to the SEC’s portal. SOL Coin, which rose to $148, increased by over 6% with the news.
If BlackRock and others join this bandwagon, we may see days when $205 and $256 are tested, and new ATH attempts are made for SOL Coin.
