Expect Solana to be the next cryptocurrency investment fund
Brian Kelly, founder and CEO of BKCM LLC, expressed his expectations that Solana will be the next cryptocurrency to gain approval as an ETF in the United States.
Kelly noted that Bitcoin, Ethereum, and Solana may be the three major digital currencies in this cycle.
Solana's legal status:
Last year, lawsuits filed by the SEC against Coinbase and Binance involved identifying Solana as a security.
The Solana Foundation strongly rejected this claim, stressing that their blockchain is decentralized.
The current legal status of Solana Coin may significantly complicate the ETF approval process in the United States.
It should be noted that Solana does not currently have a futures-based ETF in the United States.
