Fund manager VanEck filed for an exchange-traded fund that would track the price of Solana.

"I am excited to announce that VanEck just filed for the FIRST Solana exchange-traded fund (ETF) in the US," said Matthew Sigel, head of digital assets research at VanEck said in a post on X on Thursday. 

This comes after the U.S. Securities and Exchange Commission has approved spot ETFs for both Bitcoin and Ethereum. The agency approved 19b-4 forms for spot Ethereum ETFs last month and still need to greenlight registration statements in order for those to begin trading, though some analysts believe that could be as soon as next week. 

The VanEck Solana Trust would list on the Cboe BZX Exchange, Inc. and would "hold SOL and will value its Shares daily based on the reported …