Matthew Sigel has confirmed the Solana platform (SOLA filing for an exchange traded fund (ETF), is a wager on Donald Trump becoming president.
VanEck, the United States’ first SOL ETF company, filed an S-1 registration. statement The Securities and Exchange Commission, or SEC as it is also known, was contacted last week.
Bloomberg ETF analyst Eric Balchunas thought that the filing was “a call option on the POTUS election.”
“The knee-jerk reaction here is: ‘oh, this will never be approved because there aren’t Solana futures.’ Agree, but if [there’s a] change at POTUS (President of the United States) I think anything [is] possible. Just imagine [Commissioner on the SEC] Hester Peirce (or someone like that) running the SEC.”
Sigel confirmed Balchunas speculated on social media platform X, on Monday.
Trump has recently claimed that he will serve As well as “the crypto president” Many digital assets stakeholders, who believe that the Biden Administration is hostile to the sector, have endorsed him.
Former President Trump hasn’t always loved crypto. In May 2018 while in the Oval Office he directed Steven Mnuchin, then Treasury Secretary, to buy bitcoin. “go after Bitcoin [for fraud].”
Trump’s three-year anniversary said In an interview, Mr. Smith said that he had no digital assets and that they were not a good investment. “a disaster waiting to happen.”
VanEck’s ETF would become the VanEck Solana Trust if approved. It would then be listed at the Cboe BZX Exchange. 21Shares, a fintech firm, is also launching an ETF. filed Last week, I received a SOL ETF.
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