ETF giant VanEck set to offer a Solana (SOL) ETF fund in Germany

It appears there are plans by VanEck, a global ETF and mutual fund manager, to offer its clients a Solana-backed ETF through a listing in Germany. VanEck has filed for several Bitcoin and Ethereum ETF listings in the U.S. which have so far not been approved. The firm however hopes to enter the cryptocurrency ETF market by this new means.

Matthew Sigel, VanEck’s Head of Digital Assets Research, spoke last month about considering Layer 1 smart contract platforms other than Ethereum. He also pointed out Solana because of its lower transaction prices and faster throughput.

“The idea that you could get 50,000 transactions per second, which would rival Nasdaq, opens up the potential to just securitize any number of existing assets, tokenize them and trade them in parallel using the Solana network.” 

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