$SOL

The Solana ETF is a type of exchange-traded fund that tracks the price performance of Solana. Similar to traditional ETFs, the Solana ETF is publicly traded on the stock exchange, allowing investors to buy and sell it just like stocks. When the price of Solana rises, the value of the Solana ETF also increases, and vice versa.

VanEck and 21Shares are among the first financial institutions to apply for a Solana spot ETF with the U.S. Securities and Exchange Commission (SEC). On August 8, Brazil also became one of the first countries to approve the Solana ETF.

vaneck solana etf

VanEck's application for the Solana ETF. Source: SEC

In addition to the Solana ETF, many similar investment products based on Solana have emerged in the market, such as:

Grayscale Solana Trust (GSOL): A trust fund that invests in and holds Solana tokens, allowing investors to access Solana in the form of shares, traded on various trading platforms.

VanEck Solana ETN: A fully collateralized exchange-traded note that replicates the value and investment performance of the MVIS CryptoCompare Solana VWAP Close index.