tl;dr
VanEck CEO Jan van Eck stated in an interview on CNBC Squawk Box that a Solana (SOL) exchange-traded fund (ETF) is unlikely to be available in the near future unless the Republican Party wins the US Presidential election in November. Van Eck expressed skepticism about the approval of a SOL ETF in th...
VanEck CEO Jan van Eck believes that a Solana (SOL) exchange-traded fund (ETF) is unlikely to be available in the near future unless the Republican Party wins the US Presidential election in November. He expressed skepticism about the approval of a SOL ETF in the short term, despite the recent approval and launch of Ethereum (ETH) ETFs. Van Eck highlighted the perceived differences in support for blockchain software between the Democratic and Republican parties.
VanEck's launch of an Ethereum ETF (ETHV) this week proceeded smoothly, but the CEO anticipates lower investor interest compared to Bitcoin's ETF due to Ethereum's smaller market cap. Van Eck stated, "Ethereum products have traded around the world for several years now, and the launch was very smooth. I think there were a lot of kinks when it came to the Bitcoin ETFs in January, but now things are going well. Ethereum’s market cap is like a third of Bitcoin’s, and I think investor interest will be less."
More about Emeren Group Ltd
Emeren Group Ltd, develops, builds, operates and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 99097000
Dividend Yield: None
EPS: -0.16
PE Ratio: 1.918
52 Week High: -0.127
52 Week Low: 106582000
50-Day Moving Average: 4.38
200-Day Moving Average: 3.42
Price to Sales: 0.148