Home web3.0 Solana ETFs May Come Sooner Than Expected, Says VanEck's Matthew Sigel

Solana ETFs May Come Sooner Than Expected, Says VanEck's Matthew Sigel

Aug 01, 2024 am 12:56 AM
VanEck Solana ETFs Matthew Sigel

Scott Melker, the host of The Wolf of All Streets Podcast, recently discussed this topic with Matthew Sigel, VanEck's Head of Digital Assets Research.

Solana ETFs May Come Sooner Than Expected, Says VanEck's Matthew Sigel

Scott Melker, the host of The Wolf Of All Streets Podcast, recently sat down with Matthew Sigel, Head of Digital Assets Research at VanEck, to discuss the future of ETFs, especially in relation to Solana.

In their conversation, they touched upon the potential for Solana ETFs, the present landscape of bitcoin and ethereum ETFs, and also highlighted VanEck's cutting-edge strategies to remain a frontrunner in the crypto space.

Melker began by highlighting a bold prediction from Sigel about the arrival of Solana ETFs. "You might be surprised that Solana ETFs can come sooner than you think," Sigel had said earlier, setting the stage for a deeper dive into the prospects of such ETFs and the broader crypto market.

"We disagree with the notion that Bitcoin and Ethereum will be the only ETFs. The market in Europe already boasts a variety of crypto ETPs, including single coin and basket options, and we aim to lead this innovation in the U.S. as well," said Sigel Countering the skepticism of some industry leaders. He went on to add that regulatory changes expected in the near future could open doors for more diverse crypto ETFs.

It's interesting to note that SEC Commissioner Hester Peirce laid out that it might take some more convincing before the agency approves a Solana ETF.

"We really have to look at that on a case by case basis," she told Coinage in a new interview, not commenting on any one application itself. "This environment with crypto is so difficult, of course, because there are questions around what what my colleagues and I are going to think is a security and not — there are all these kinds of questions. But again, we really should just take the existing precedent and apply it to whatever the facts and circumstances are."

Melker then shifted the conversation to the appeal of multi-token baskets for retail investors. "Isn't the multi-token basket really the product that would be the most interesting to retail investors?" he asked. Sigel acknowledged the rumors about the necessary diversification in ETFs but expressed doubts that a simple Bitcoin and Ethereum combo would suffice.

暗号分野に対するヴァンエックの取り組みを強調しながら、シーゲル氏はビットコインカンファレンスで同社のCEOであるヤン・ヴァンエックからの重要な啓示について言及した。 「ジャン氏は、個人資産の30%以上がビットコインであることを明らかにした。このレベルの確信はETF発行会社の中ではまれであり、我々のコミットメントを示している」と同氏は声明でヴァンエック社の多額の投資とデジタル資産の将来に対する信念を強調したと述べた。

メルカー氏が低料金のビジネスの持続可能性に疑問を呈したとき、シーゲル氏は「我々は価格上昇と押収されたデジタル資産に対する確信から利益を得ようとしている。我々はまた、追加のアルファを抽出するためのより積極的に管理された戦略とヘッジファンド手段も持っている」と説明した。 。」この戦略は、競争の激しい仮想通貨市場で収益を生み出すための VanEck の多角的なアプローチを反映しています。

シーゲル氏はまた、ヤン・ヴァン・エック氏の息子ニック氏が主導するステーブルコイン・イニシアチブであるアゴラも紹介した。 「アゴラは現在、世界で最も急成長しているステーブルコインだ。すべての利回りを自社で保有するテザーとは異なり、われわれはその一部をパートナーと共有する予定で、これを魅力的な選択肢にするつもりだ」と同氏は、このアプローチと次のことを組み合わせたものだと述べた。積極的な価格設定は、ユーザーにより多くの価値を提供することで現在のステーブルコイン市場を破壊することを目的としています。

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