TechFlow reported, according to SEC filings, asset management firm VanEck has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Solana Trust (VanEck Solana Trust). The trust is an ETF that will issue common equity shares and is expected to be listed on the Cboe BZX Exchange, subject to official issuance notice. The investment objective of the trust is to reflect the price performance of Solana, net of trust operating expenses. To achieve this objective, the trust will hold SOL and value its shares daily based on the MarketVectorTM Solana Benchmark Rate.
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