Analyst Predicts Solana ETF if Donald Trump Wins Presidency
As the 2024 U.S. presidential election approaches, the prospects for altcoin exchange-traded funds (ETFs), especially Solana, could be significantly dependent on the political outcome.
The Securities and Exchange Commission (SEC) recently showed some leniency by allowing fund managers to list Ethereum spot ETFs. However, SEC Chairman Gary Gensler warned that it would take time to get them up and running.
Rumors about the next potential cryptocurrency ETF have already begun, with Solana emerging as a leading contender. Cathie Wood, CEO and CIO of ARK Invest, said large financial institutions will likely focus on leading cryptocurrencies when developing new ETFs, mentioning Solana as the next potential target.
Interestingly, Franklin Templeton, who manages about $1.64 trillion in assets, praised Solana's significant growth and even hinted at launching an altcoin fund.
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