VanEck Digital Asset Research Director: SOL is an attractive commodity

ChainCatcher news, VanEck's Head of Digital Asset Research Matthew Sigel posted on the X platform that VanEck has recently applied for the first Solana exchange-traded fund (ETF). Sigel emphasized that Solana, as a competitor to Ethereum, is an open-source blockchain software that offers high throughput, low fees, and strong security.

Solana's decentralized nature, high practicality, and economic viability align with the characteristics of other mature digital commodities, making it an attractive choice for an ETF. VanEck believes that SOL, as a digital commodity, can provide diverse application scenarios and investment opportunities for investors, developers, and entrepreneurs.