After VanEck, today 21Share also filed for $SOL ETF.
Personally, I wouldn't be surprised if there were a few more coins with ETFs this season, but what impact would that have on the crypto market?
- Psychological and legal aspects: Certainly, having more ETFs will help remove people's mentality that crypto is not recognized, is money laundering => more trust and investment => More cash flow = > Have liquidity
- Access: people can buy through ETFs, not just through cex and dex exchanges like before.
- As for the price: I think it won't be too big because it still comes back to the essence of the problem of what problem that coin solves => the impact of supply and demand. ETFs are just a means of exposure.
But after ETH, I really hope $SOL is the next ETF because of its ecosystem diversity. $SOL potential and solving too many outstanding issues of ETH such as transaction speed, fees...
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