🔥 Analysts analyze possible Solana ETF in the US
In the United States, discussions continue about which cryptocurrency will have the third exchange-traded fund (ETF) after Bitcoin and ETH. Recently, although XRP was frequently mentioned, attention was suddenly focused on Solana (SOL).
This change comes amid growing expectations surrounding the possible approval of a spot ETF for Ethereum (ETH). Industry leaders believe that Solana's strong market presence and growing popularity position it favorably for an ETF after Ethereum.
🔸 Will a Solana ETF arrive?
Brian Kelly, founder of digital currency investment firm BKCM, commented on the SEC approval process for Ethereum spot ETFs in an interview with CNBC ahead of the SEC approval.
Shifting his focus to the next option, Kelly highlighted the potential of Solana, often called the Ethereum killer in cryptocurrencies.
In the final minutes of the interview, Kelly stated: “Bitcoin, Ethereum, and Solana will likely be the top three cryptocurrencies of this cycle.”
James Seyffart, a well-known ETF analyst at Bloomberg Intelligence, also made statements paralleling Kelly's views. Seyffart added that there are regulatory hurdles, such as a futures market regulated by the CFTC.
Based on this situation, Seyffart indicates that the Solana ETF may not enter the market until 2026 at the earliest. Additionally, he mentions that recently accepted legislation favoring cryptocurrencies could speed up the ETF process faster than expected.
