$SOL Solana (SOL) spot in the U.S., the VanEck Solana Trust, aiming to list on the Cboe BZX Exchange. This move follows the SEC's approval of spot Bitcoin and Ethereum ETFs, signaling a possible shift in regulatory attitudes towards altcoin ETFs. VanEck positions SOL as a digital commodity, highlighting its use for transaction fees and computational services on the Solana blockchain. The trust would be fully collateralized with SOL tokens, valued daily based on the MarketVector Solana Reference Rate. Approval is anticipated for 2025, depending on favorable regulatory developments.