SOL ETF

Rally

Solana

<ul class="news-points"> 
 <li><strong>Solana surged over 12% in the past seven days following VanEck’s ETF filing.</strong></li> 
 <li><strong>21Shares followed VanEck’s lead to file for a spot Solana ETF last Friday.</strong></li> 
 <li><strong>Kaiko Research said the filings boosted market sentiment temporarily.</strong></li> 
</ul> 
<p>Solana (SOL) has rallied over 12% in the past seven days, driven by recent spot Solana exchange-traded fund (ETF) filings by VanEck, a leading American investment management firm. SOL climbed from a low of $134.76 on June 27th to $151.15 the next day before retracing slightly.</p> 
<p>Following VanEck’s lead, 21Shares, a Swiss-based crypto-native financial institution, also filed for a spot Solana ETF last Friday. Kaiko Research, a leading crypto analytics platform, attributed SOL’s recent rebound to these filings.</p> 
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   <p lang="en" dir="ltr">Our latest Data Debrief is out now. <br><br>This week we looked at the muted reaction to SOL ETF applications, Altcoin Liquidity and measuring BTC-ETH portfolio's using our Value at Risk tool.<a href="https://t.co/8emmubddvp" target="_blank" rel="nofollow">https://t.co/8emmubddvp</a></p>— Kaiko (@KaikoData) <a href="https://twitter.com/KaikoData/status/1807805000254468436?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 1, 2024</a>
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<p>According to Kaiko, the ETF filings temporarily boosted market sentiment, which had been dampened by fears of a broad selloff due to Mt. Gox repayments. Further analysis by the firm reveale…</p>
<p>The post <a href="https://coinedition.com/vaneck-and-21shares-file-for-spot-solana-etfs-triggering-sol-price-rally/">VanEck and 21Shares File for Spot Solana ETFs, Triggering SOL Price Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

VanEck and 21Shares File for Spot Solana ETFs, Triggering SOL Price Rally

Coin Edition

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