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Bitcoinist 2024-11-05 16:30:41

Spot Solana ETF Proposal Clouded By VanEck’s Wash Trading Concerns

VanEck’s proposed spot Solana (SOL) exchange-traded fund (ETF) is facing scrutiny due to concerns over wash trading and the nature of on-chain activity. Matthew Sigel, Head of Digital Assets Research at VanEck, published an in-depth analysis on Tuesday, comparing SOL’s metrics with those of Ethereum to provide context and clarity. Solana has been recognized for

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