According to TechFlow, Katalin Tischhauser, head of investment research at Sygnum Bank, recently said that it is very unlikely that crypto assets such as Solana and Cardano will be approved for spot ETFs in the United States, and even if they are approved, they may find it difficult to attract investors.

Tischhauser pointed out that the lack of regulated trading venues approved by the U.S. Securities and Exchange Commission (SEC) is the main obstacle to the approval of other crypto ETFs. Tischhauser believes that even if approved, cryptocurrency ETFs other than Bitcoin and Ethereum will find it difficult to gain significant demand.