Registering Cryptocurrency ETF: A New Step for Solana (SOL)
Solana is Definitely Advancing Further in the Cryptocurrency Market
On June 18, according to reports from reputable sources, the SOL Token project of the Solana network has officially registered a spot ETF with the DTC (Depository Trust & Clearing Corporation) in the United States. The registration code for this product is VSOL, proving that it has taken a step closer to the official listing date.
Approval Process and Market Prospects
Although successfully registered, the Solana ETF still needs to go through approval procedures from the outstanding regulatory body at the SEC and stock exchanges. Previously, many large asset management funds in the United States had submitted applications for the SOL ETF and amended their registration profiles in mid-June.
Market Prospects for SOL ETF in the Coming Time
Bloomberg analysts predict that this ETF is likely to receive approval within the next 3 to 5 weeks, with the highest possibility being in July. Currently, VanEck has not yet announced the official trading date of VSOL, but this event promises to open up many new opportunities for cryptocurrency investors.
Impact on the Cryptocurrency Market
The launch of the ETF based on two SOL Tokens from Solana reflects the trust of regulators and major financial institutions in the development potential of this blockchain ecosystem. This will be a breakthrough, helping to expand access and safer investment opportunities for a wider user community.
Conclusion
The cryptocurrency market is increasingly proving its allure and attractiveness of prominent blockchain projects such as Solana. The registration of the VSOL ETF not only raises awareness but also paves the way for Solana to reach more institutional investors, contributing to the value of the SOL Token and the entire ecosystem.
Source: https://tintucbitcoin.com/vaneck-nop-ho-so-etf-solana-voi-dtcc/
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