@daveortega
I don't anticipate an SOL ETF becoming available soon and expect the current surge to eventually reverse.
Even if it were to happen, it would be at least 8 months away.
Trading on breaking news (within minutes) differs from trading based on ETF approval (within months).
I believe Van Eck's strategy involves two things:
Gaining exposure and good marketing by being the first to file.
Betting on changes in the SEC, either by Trump winning the election or Gensler leaving.
It's a low-cost, high-reward bet for them.
https://thedalesreport.com/crypto-nfts/vanecks-solana-etf-regulatory-prospects-and-challenges/
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