VanEck Executive Matthew Sigel has expressed optimism toward the approval of its Solana ETF citing several factors to quell slight worries. Crypto commentators noted that the company’s 19b-4 was removed from the CBOE website. The race to new ETFs has attracted huge momentum as users await more assets to join the ETF craze after Bitcoin and Ethereum products.
VanEck Executive Says Solana Is A Commodity
Matthew Sigel the Head of Digital Asset Research at asset manager VanEck noted that Solana is a commodity like Bitcoin and Ethereum citing legal perspectives amongst others. This came after talks of the CBOE website removing the company’s filings. In a recent tweet, Sigel highlighted that courts can view certain assets as both securities and commodities depending on the markets.
“For the record, VanEck believes SOL is a commodity, much like BTC and ETH. This belief is informed by evolving legal perspectives, where courts and regulators have begun to recognize that certain crypto
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