⚡️ An application has been submitted to the #SEC for launching an #ETF based on #Solana

#VanEck has submitted an application to launch an exchange-traded fund based on #SOL, where the altcoin is referred to as a commodity, without the possibility of staking.

The coin immediately responded with growth, and analysts from #GSR stated that if spot Solana-ETFs are approved, a 9-fold increase in SOL can be expected.

#CryptoNews

⚡️ Forms for listing a #Solana-#ETF have been submitted to the #SEC

🪙 19b-4 forms were sent by the options exchange #CBOE on behalf of #VanEck and #21Shares. #Bloomberg analysts predict a decision deadline for the applications by March of next year. They also highlight that the results of the US presidential election could further influence the approval of the #SOL-ETF.

🔷 Meanwhile, issuers of spot #Ethereum-ETF, including #BlackRock, #Fidelity, #Grayscale, #21Shares, #Franklin #Templeton, and VanEck, have submitted updated application forms to the SEC. Experts now cite July 18 as the listing date for the #ETH-ETF.

#CryptoNews

#Opinion

🤑 In a bullish market scenario, Bitcoin will be worth $52,386,207 by 2050

This is the belief of analysts at #VanEck. According to their forecasts, even if the bullish scenario does not materialize, #Bitcoin will still show significant growth over the next 25 years, reaching a value of $2.9 million per coin. At that point, the total market capitalization of #BTC will be around $61 trillion.

The company's experts are confident that the realization of these scenarios will be supported by central banks of various countries holding up to 2.5% of their reserves in cryptocurrency, as well as by cross-border transactions conducted in Bitcoin.

So, are we holding for another quarter of a century? 💰

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