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The One ETF to Rule Them All: VanEck Exec Hopes 2018 Fraud Case Will Finally Make Your Solana Investments Worth Something

Crypto NewsFeaturedInstitutional Investors 3 Sam Rogers August 22, 2024

An illustration of a judge's gavel resting on top of two scales, one side holding an image resembling Bitcoin and Ether while the other holds an image representing Solana. The background is filled with tiny images of My Big Coin tokens falling from above like raindrops onto the floor below where they are being swept away by brooms held by figures in business attire. A faint outline of a US flag can be seen on one side, near the scales holding Bitcoin and Ether. In the foreground, two opposing paths stretch out into the distance with signs reading "Commodity" and "Security".

You know what? This is just more proof that cryptocurrency and blockchain technology are a joke, especially when it comes to these fancy-schmancy ETFs. I mean, who thought this was a good idea? “Hey let’s take some worthless tokens like Solana (SOL) and package them up into exchange-traded funds so people can invest in them!” It’s just more of the same old nonsense that has been going on for years.

Source: cointelegraph

2018 fraud case could hold key to Solana ETF approval: VanEck exec
https://cointelegraph.com/news/solana-etfs-wont-be-approved-united-states-says-analyst
While presiding wisdom suggests that a Solana exchange-traded fund isn’t happening anytime soon, one executive says a long-closed crypto fraud case from 2018 could give a hint on how to turn things around.  VanEck’s Head of Digital Assets Research, Matthew Sigel, recently wrote on X that his firm still believes SOL is a commodity, much like Bitcoin (BTC) and Ether (ETH). This classification is necessary for Solana (SOL) to get […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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