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Fighting the 'Gensler Psyop' 🌀
VanEck's Solana ETF approval odds go up if Gary Gensler leaves
Stacy Elliott
July 03, 2024
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📝 What you need to know
VanEck’s S-1 registration for a Solana spot ETF took markets by surprise last week. Since then, the firm has been adamant that its application warrants serious consideration.
During an interview late Tuesday, VanEck Head of Digital Assets Research Matthew Sigel underscored that “there’s a good chance that crypto voters are going to make the difference in this election.” And if does, that could lead to SEC Chair Gary Gensler beingn replaced—which would bode well for the firm and the broader crypto market.
"There's some focus that there's no regulated futures market for Solana. And that might be holding back the ETF," said Sigel. "We think that is again [a] Gensler Psyop. He has created that condition since taking power."
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