The potential of Solana for spot ETF approval.

The cryptocurrency market is currently focused on the expected approval of a spot ETF for Ethereum by the U.S. Securities and Exchange Commission (SEC). Against this backdrop, Daniel Yan, co-founder of Matrixport, speculated that Solana ( $SOL ) could be the next cryptocurrency in line for spot ETF approval.

Spot #Ethereum ETF decision fuels speculation: Solana considered as the next beneficiary

With the inevitable SEC decision on the creation of a spot ETF on Ethereum, speculation about the next cryptocurrency to follow suit is intensifying. Daniel Yan believes that #Solana is a strong contender, potentially poised to benefit from the momentum created by Ethereum's success. He draws parallels with the approval of the #Bitcoin ETF, which significantly boosted market value and interest in Ethereum. After the launch of the spot #BTC #ETF in the U.S., the ETH/BTC pair grew by 12% in a week, and Yan speculates that Solana could emulate this model.