**"Solana ETFs ‘Probably’ Next, Says CNBC Fast Money Trader, Sparking Debate"**
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Crypto investor and CNBC ‘Fast Money’ trader Brian Kelly sparked debate on Crypto X on Wednesday by suggesting that Solana (SOL) could be the next cryptocurrency to receive a spot exchange-traded fund (ETF) in the United States. Kelly, who is also the founder and CEO of the BKCM Digital Asset Fund, made this prediction during the CNBC post-market talk show *Fast Money* on May 22, just a day before the Securities and Exchange Commission is set to decide on at least one proposed spot Ether (ETH) ETF.
Kelly identified Solana as one of the “big three” coins, stating, “The trade now is, who’s next. You’ve got to think about Solana as probably the next one. Bitcoin, Ethereum, and Solana are probably the big three for this cycle.”
However, some industry observers disagreed with Kelly’s prediction. Nate Geraci, president of The ETF Store, believes a spot Solana ETF won’t materialize until a Chicago Mercantile Exchange-traded Solana futures product is listed or until Congress establishes a legitimate cryptocurrency regulatory framework. To date, only Bitcoin (BTC) and Ether (ETH) futures have been approved in the U.S.
Bloomberg ETF analyst James Seyffart shared Geraci’s view, noting that such a development would likely take place “within a few years” of the establishment of a Commodity Futures Trading Commission-regulated market. Seyffart believes a spot Solana ETF would see more demand than any digital asset outside of Bitcoin and Ether. However, he also pointed out that Gary Gensler and the SEC have previously flagged Solana as a security in lawsuits involving Coinbase and Kraken, which could complicate matters for potential future applicants.
