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Solana (SOL-USD) cryptocurrency advanced 7.1% in Thursday morning trading after investment manager VanEck filed an S-1 registration form for a Solana-held exchange-traded fund with the U.S. Securities and Exchange Commission.
The VanEck Solana Trust, if approved, would be listed on the Cboe BZX Exchange, according to an SEC filing.
The SEC already has approved spot bitcoin (BTC-USD) ETFs in the beginning of the year, while ether (ETH-USD) ETFs seem to be nearing the green light.
One of the recently approved bitcoin ETFs, (HODL), is tied to VanEck. And the firm has already filed to launch an ether ETF.