{"id":353233,"date":"2024-07-27T10:03:55","date_gmt":"2024-07-27T04:33:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/vaneck-teases-solana-etf-again-as-sol-surpasses-bnb-for-4th-spot-crypto-news\/"},"modified":"2024-07-27T10:11:36","modified_gmt":"2024-07-27T04:41:36","slug":"vaneck-teases-solana-etf-again-as-sol-surpasses-bnb-for-4th-spot-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/vaneck-teases-solana-etf-again-as-sol-surpasses-bnb-for-4th-spot-crypto-news\/","title":{"rendered":"VanEck Teases Solana ETF Again As SOL Surpasses BNB for 4th Spot – Crypto News"},"content":{"rendered":"

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Now that the spot Ethereum ETFs have traded for almost a week on Wall Street, investors are keenly eyeing the next crypto ETF and gunning for the second-largest altcoin Solana. Interestingly, asset management giant VanEck is once again teasing the possibility of introducing a spot Solana ETF.<\/p>\n

Will VanEck Push for Spot Solana ETF?<\/h2>\n

During the ongoing Bitcoin conference, VanEck recently shared a tweet stating that a large number of attendees inquired about Solana with them. As we know, VanEck submitted its Solana ETF filing in the last month of June even before the spot Ether ETFs<\/a> went live. The recent tweet from VanEck suggests that there\u2019s a strong interest in the altcoin and liquidity won\u2019t be a major hurdle for the SEC to approve a Solana ETF.<\/p>\n

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A surprising amount of people asked us about Solana at our Bitcoin booth<\/p>\n

\u2014 VanEck (@vaneck_us) July 27, 2024<\/a><\/p>\n<\/blockquote>\n

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However, other asset management giants like BlackRock are not much in support of having more Solana ETF<\/a> or other crypto ETFs in the market. Speaking at the Bitcoin Conference, BlackRock Head of Digital Assets Robert Mitchnick said that the SEC would be drawing a line somewhere. He added that apart from Ethereum, all other altcoins contribute less than 5% of the total crypto market cap. Thus, he believes that it makes no sense to have more crypto ETFs in the market.<\/p>\n

Also Read: Anthony Scaramucci Clears Air On Political Debate On Crypto<\/a><\/p>\n

SOL Surpasses BNB for 4th Spot<\/h2>\n

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In the latest development, Solana (SOL) has managed to surpass Binance Coin (BNB) as the fourth-largest cryptocurrency by market cap This is the first time in four years that SOL has managed to overtake BNB in the recent run-up.<\/p>\n

Over the past two weeks, the Solana Price<\/a> has been on a solid recovery path gaining more than 35%. In the same period, The Binance Coin (BNB) is up by 10%.<\/p>\n