Odaily News Matthew Sigel, head of digital asset research at VanEck, said that he had applied to the U.S. Securities and Exchange Commission (SEC) for a Solana ETF. The new fund, called Vaneck Solana Trust, is the first Solana ETF to be applied for in the United States. He said: "The function of the native token SOL is similar to other digital commodities such as Bitcoin and Ethereum. It is used to pay transaction fees and computing services on the blockchain. Like ETH on the Ethereum network, SOL can be traded on digital asset platforms or used for peer-to-peer transactions." (Cointelegraph)