BREAKING: Solana gains 7% amid VanEck applies for spot ETF in the US

Prices of the Solana cryptocurrency jumped nearly 10% after multiple sources provided verified information about the release of an application for a Solana-based spot ETF from VanEck (VanEck Solana Trust), an asset manager with AUM of more than $89 billion. The fund already has a Solana-based ETN on offer. This is the first such application filed with the US Securities and Exchange Commission (SEC). Solana gained instantly on the wave of news about spot ETF application, but quite quickly there was some resistance and profit realization. Solana is currently the 5th largest cryptocurrency after Bitcoin, Ethereum, Tether and Binancecoin. It has a market capitalization of nearly $68 billion. Nearly 80% of all SOL tokens are currently in circulation. Now investors expect In the first reaction Bitcoin reacted with almost $1400 jump on this news from $60,800 to $62,200 but as for now price dropped again below $62,000 level. Ethereum gains almost 2%.

Source: xStation5

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