Solana

<h4><strong>This marks VanEck’s expansion into the digital asset market, focusing on blockchain-based financial products.</strong></h4> 
<p>The S-1 filing shows VanEck’s plan to create a trust for investors to access <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a> via the Solana Trust.</p> 
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
 <div class="flex-col gap-1 md:gap-3"> 
  <div class="flex flex-grow flex-col max-w-full"> 
   <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="2e1bfaaf-43b5-4533-9875-7f61b4826dc6"> 
    <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]"> 
     <div class="markdown prose w-full break-words dark:prose-invert light"> 
      <h5><strong>VanEck’s Solana Trust Filing</strong></h5> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>This Solana trust would likely operate similarly to other cryptocurrency trusts managed by VanEck. It offers a secure, regulated investment option for Solana exposure without owning the assets directly.</p> 
<p>Creating a Solana Trust fits VanEck’s strategy to offer regulated access to new digital assets under regulatory guidelines. It provides a secure investment option for Solana without direct asset ownership.</p> 
<p><img decoding="async" class="wp-image-144192 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xvcfsdserdht-223x300.jpg" alt="" width="438" height="589" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xvcfsdserdht-223x300.jpg 223w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xvcfsdserdht-312x420.jpg 312w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xvcfsdserdht.jpg 392w" sizes="(max-width: 438px) 100vw, 438px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/vaneck_us/status/1806313337866645783" target="_blank" rel="noopener">X</a></strong></h6> 
<p>By entering the <a href="https://www.altcoinbuzz.io/?s=Solana+ecosystem" target="_blank" rel="noopener">Solana ecosystem</a> through a trust vehicle, VanEck aims to cater to institutional investors seeking exposure to cryptocurrencies within a regulated framework. This approach may also appeal to retail investors. It offers a simplified way to invest in Solana without managing digital wallets or navigating cryptocurrency exchanges directly.</p> 
<p>The timing of VanEck’s SOL Trust filing reflects the growing institutional interest in cryptocurrencies beyond Bitcoin and Ethereum. It provides a secure investment option for Solana without owning the assets directly.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="kEueCS9AF6A">
 <iframe title="3 BIGGEST Reasons For the CRASH! How Long Will this Crypto blood bath continue?!" width="696" height="392" src="https://www.youtube.com/embed/kEueCS9AF6A?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/vaneck-files-for-solana-trust-with-sec/">VanEck Files for Solana Trust with SEC</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

VanEck Files for Solana Trust with SEC

Altcoin Buzz

Other articles published on Jun 27, 2024

Binance.US Exits Washington State as Regulatory Challenges Mount

Crypto Market Faces Significant Drop as Some Coins Defy the Trend

Deepfake frauds in crypto spiked by 245% globally, Bitget says

Alphax Joins Forces with XSTAR: A New Era for Proof of Humanity on the Blockchain

Bitwise Drops New Ad, Tips Wider Blockchain Adoption

What's Going On With Bitcoin Mining Stock Hut 8 Today?

Join our free newsletter for daily crypto updates!