🚀 Solana ETFs Blast Off, DOGE ETF Barks at the Moon! 🚀

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In the dusty plains of the financial frontier, VanEck has finally wrangled the US’s third exchange-traded fund (ETF) into existence, this time with Solana staking as its trusty steed. 🌵 Like a gold rush, more altcoin-tied funds are stampeding over the horizon, each one promising riches to those brave enough to ride.

The VanEck Solana ETF (VSOL) moseyed into town on Monday, joining the likes of Bitwise and Grayscale, who’ve already staked their claims late in October. Together, they’ve lassoed over $380 million in inflows, proving that even in the Wild West of crypto, there’s gold in them thar blockchains.

Just like their predecessors, VSOL offers staking yields-locking up Solana (SOL) on the blockchain to earn rewards. And in a move as cunning as a fox in a henhouse, they’ve waived their 0.3% fee until Feb. 17 or until they hit $1 billion in assets. Competition, they say? More like a high-noon showdown. 🔫

Asset managers have been flooding the market like a broken levee after the Securities and Exchange Commission changed its listing standards in September. Now, approvals are faster than a jackrabbit on a date, no tedious assessments required. It’s a free-for-all, and everyone’s grabbing for the crypto pie.

Bloomberg’s ETF sage, Eric Balchunas, tipped his hat on Monday, saying the Fidelity Solana ETF (FSOL) is set to ride into town on Tuesday. It’ll be rubbing shoulders with three other funds charging a 0.25% fee. “Easily the biggest asset manager in this category,” he drawled, “with BlackRock sitting this dance out.” 🕺

Dogecoin ETF: Will It Bark or Bite?

Balchunas, ever the soothsayer, reckons a Dogecoin (DOGE) ETF from Grayscale could launch on Nov. 24. An amended regulatory filing earlier this month kicked off a 20-day countdown, and if the SEC doesn’t howl in protest, it’s a done deal. 🐶

The Grayscale Dogecoin Trust (DOGE) is a makeover of its existing fund, set to trade on the New York Stock Exchange. But don’t hold your breath just yet-the exchange still needs to file to list the ETF. “We’ll see,” Balchunas shrugged, “won’t be 100% till the exchange notice, but based on SEC guidance, it looks good.” 🤞

If Grayscale’s fund launches next week, it’ll be the first Dogecoin ETF in the US to directly hold the memecoin. That’s right, no offshore subsidiaries or fancy footwork-just pure, unadulterated DOGE. 🌕

REX Shares and Osprey Funds already launched a DOGE ETF in mid-September, but it’s registered under the Investment Company Act of 1940, which means it’s limited to a wholly owned offshore subsidiary holding the cryptocurrency. Talk about red tape! 📜

And let’s not forget Bitwise, whose spot Dogecoin ETF could launch late next week. A regulatory filing change on Nov. 6 started a 20-day timer, unless the SEC decides to play spoilsport. 🕰️

So there you have it, folks. The crypto Wild West is alive and kicking, with ETFs sprouting like mushrooms after a rain. Will they strike gold, or will they end up as cautionary tales? Only time-and the market-will tell. 🌪️

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2025-11-18 05:24