Are Solana ETFs Next After Ethereum? Bloomberg Analyst Reveals His Expectations and Possible Obstacles!
After spot Bitcoin ETFs, spot Ethereum ETFs were finally approved in the USA. As investors and the market now begin to talk about the next altcoin to have an ETF, Solana (SOL) emerges as the strongest candidate.
Among the #ETF candidate altcoins, although altcoins such as XRP and Litecoin (LTC) are also discussed in addition to SOL, the strongest candidate is seen as #SOL . At this point, a new post about SOL ETFs came from Bloomberg ETF analyst James Seyffart.
Responding to a video in which CNBC Fast Money trader and crypto investor Brian Kelly said that after Ethereum ETFs are approved by the SEC, it is the turn of the Solana ETFs, Seyffart said that he believes the #Solana ETF will be in more demand than other altcoin #ETFs other than Ethereum .
“A Solana ETF will occur within a few years following the establishment of a CFTC-regulated futures market based on current precedent/needs. But congressional and market structure bills like FIT21 could make this happen faster.
I think a SOL ETF would see the most demand compared to other altcoins (other than BTC and ETH)
However, the SEC does not discuss the legal status of SOL as it does with ETH. “Solana is a security,” the SEC has clearly stated in lawsuits against Coinbase, Kraken, and others. “This could make the approval process for SOL ETFs difficult and easily a rocky road.”