VanEck Executive SOL is a Commodity Similar to Bitcoin Ethereum

In a recent statement on the X platform, Matthew Sigel, the Director of Digital Asset Research at VanEck, compared the native token of Solana to other digital commodities such as Bitcoin and Ethereum. He highlighted that Solana, like Ethereum on the Ethereum network, is used for paying transaction fees and computational services on the blockchain. SOL can be traded on digital asset platforms or used for peer-to-peer transactions. Additionally, Matthew Sigel emphasized that VanEck has recently applied for the first Solana ETF in the United States.