Solana ETF Approval Could Happen Soon: Opinion
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A Solana exchange-traded fund (ETF) may be closer than expected, according to VanEck’s Head of Digital Assets Research, Matthew Sigel.
Sigel believes that Solana, like Bitcoin and Ether, is a commodity, a classification necessary for a Solana ETF in the United States.
He argues that evolving legal perspectives, demonstrated by a six-year-old court case against My Big Coin, support this classification.
The case, though now closed, suggests that while certain crypto assets may function as securities in primary markets, they can behave more like commodities in secondary markets.
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