SOLANA SPOT ETF COULD NEXT IF ETHEREUM ETF IS APPROVED
Optimistic expectations about the approval of a spot ETH ETF have led not only to a rise in the value of ether, but also to talk that the next likely candidate for the fund will be the Solana cryptocurrency. This is also the opinion expressed by Matrixport co-founder Daniel Yan.
The best deal I would advocate is a SOL/ETH purchase. It may seem absurd and definitely unpopular, but the reasons are as follows - SOL will be next in line for the fund if the ETH-ETF is approved," he wrote.
Yang noted that Solana is the next ETF candidate because of the historical trend seen in the market, where the approval of BTC ETFs has led to increased attention and investment in Ethereum. The analyst believes that if an ether-based exchange-traded fund receives regulatory approval, it could also lead to increased interest in Solana.
Yan suggested to his subscribers on the social network X, which is banned in Russia, to invest in Solana instead of Ethereum as it offers "a more promising trading opportunity with high profit potential." Moreover, there is less competition in the SOL market, indicating a higher probability of profit compared to ether.
