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US securities approve listing of an ETF tied to the SOL cryptocurrency
The price of the cryptocurrency #sol associated with the Solana network jumped by more than 5% on Monday after the US Securities and Exchange Commission approved the first application for listing an ETF that tracks this currency.

This approval is the third of its kind after the SEC approved the listing of ETFs tracking Bitcoin and Ether early last year, which attracted billions of dollars from global financial institutions.

Trading of the fund's units is expected to begin this week.

The SOL currency fund differs from the Bitcoin and Ether ETFs in that it allows investors to benefit from yields by holding the currency through a process called "STAKING," which marks the first time the SEC has approved such a measure.

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