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VanEck listed a unique risk in its Solana ETF filing: centralized ownership of SOL tokens
In its filing for the Solana Spot ETF application, VanEck singled out a specific risk not seen in other ETF applications, namely centralized ownership of SOL tokens. According to VanEck's filing, at the end of November last year, the largest 100 wallets containing SOL tokens held about one-third of the SOL in circulation. "Because of this concentration of ownership, a substantial sale or distribution by such holders could have an adverse effect on market prices," the filing emphasized. Since SOL...
2024-06-28 12:30:05
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