In 2025, Snorter Token anticipates being the top investment due to the impending development of Solana Exchange-Traded Funds (ETFs)
The crypto market is witnessing significant progress with the advancement of US Solana Exchange-Traded Funds (ETFs). Grayscale and VanEck, two prominent players in the industry, have filed for Solana ETFs, signalling a step forward for crypto adoption.
Grayscale's proposed ETF, the Grayscale Solana Trust ETF ($GSOL), is set to be managed by Coinbase Custody. This ETF will hold Solana (SOL) and track the CoinDesk SL50 Index. While staking may be available in the future, the ETF will initially launch without staking or derivatives. The Grayscale Solana Trust ETF is scheduled to trade on NYSE Arca with a 2.5% annual sponsor fee.
On the other hand, VanEck's proposed ETF, the VanEck Solana Trust Fund ($VSOL), will be managed by Gemini Trust Company and Coinbase Custody. This ETF aims for a 1.5% annual sponsor fee and plans to include Solana staking from the outset. The VanEck Solana Trust Fund is expected to trade on Cboe BZX.
Both Grayscale and VanEck's Solana ETFs are set up as 'grantor trusts' to avoid stricter rules. As of August 2025, these proposed ETFs are progressing toward potential approval but have not yet been approved by the U.S. SEC. The SEC has extended the review period for Grayscale's Solana Trust ETF application until October 10, 2025.
Meanwhile, in the realm of meme-based crypto projects, Snorter Token ($SNORT) is making waves. This new crypto powers Snorter Bot, a Telegram-based crypto trading bot. Holding Snorter Token reduces trading fees from 1.5% to 0.85%. Snorter Token holders also have governance rights and can contribute to future developments.
Snorter Bot uses private Solana RPC nodes for speedy trade execution and includes features to detect honeypots and rug-pulls for improved security. The Snorter Bot presale has already secured over $2.2M. Snorter Token is considered one of the best buys of 2025 due to its innovation in meme coin hunting.
Moreover, Snorter Token aims to expand to other blockchains beyond Solana and Ethereum, indicating a promising future for this meme-based crypto project.
In summary, Grayscale and VanEck’s Solana ETFs are under extended regulatory review with key amended filings submitted, moving closer to possible approval expected in late 2025. However, no Solana ETFs are yet available for trading in the U.S. On the other hand, Snorter Token, a meme-based crypto project with practical trading tools, continues to gain traction in the crypto market.
The financial industry is exploring new avenues of investment with the advent of Solana Exchange-Traded Funds (ETFs). Grayscale's Solana ETF, the Grayscale Solana Trust ETF ($GSOL), is planned to be a technology-driven investment, managed by Coinbase Custody, tracking the CoinDesk SL50 Index. On the other hand, meme-based crypto project, Snorter Token ($SNORT), uses technology to offer features like speedy trade execution and improved security, attracting investors with its innovation in the crypto market.
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