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Are Solana ETFs Next After Ethereum? Bloomberg Analyst Reveals His Expectations and Possible Obstacles! After spot Bitcoin ETFs, spot Ethereum ETFs were finally approved in the USA. As investors and the market now begin to talk about the next altcoin to have an ETF, Solana (SOL) emerges as the strongest candidate. Among the #ETF candidate altcoins, although altcoins such as XRP and Litecoin (LTC) are also discussed in addition to SOL, the strongest candidate is seen as #SOL . At this point, a new post about SOL ETFs came from Bloomberg ETF analyst James Seyffart. Responding to a video in which CNBC Fast Money trader and crypto investor Brian Kelly said that after Ethereum ETFs are approved by the SEC, it is the turn of the Solana ETFs, Seyffart said that he believes the #Solana ETF will be in more demand than other altcoin #ETFs other than Ethereum . “A Solana ETF will occur within a few years following the establishment of a CFTC-regulated futures market based on current precedent/needs. But congressional and market structure bills like FIT21 could make this happen faster. I think a SOL ETF would see the most demand compared to other altcoins (other than BTC and ETH) However, the SEC does not discuss the legal status of SOL as it does with ETH. “Solana is a security,” the SEC has clearly stated in lawsuits against Coinbase, Kraken, and others. “This could make the approval process for SOL ETFs difficult and easily a rocky road.” $BTC $SOL

Are Solana ETFs Next After Ethereum? Bloomberg Analyst Reveals His Expectations and Possible Obstacles!

After spot Bitcoin ETFs, spot Ethereum ETFs were finally approved in the USA. As investors and the market now begin to talk about the next altcoin to have an ETF, Solana (SOL) emerges as the strongest candidate.

Among the #ETF candidate altcoins, although altcoins such as XRP and Litecoin (LTC) are also discussed in addition to SOL, the strongest candidate is seen as #SOL . At this point, a new post about SOL ETFs came from Bloomberg ETF analyst James Seyffart.

Responding to a video in which CNBC Fast Money trader and crypto investor Brian Kelly said that after Ethereum ETFs are approved by the SEC, it is the turn of the Solana ETFs, Seyffart said that he believes the #Solana ETF will be in more demand than other altcoin #ETFs other than Ethereum .

“A Solana ETF will occur within a few years following the establishment of a CFTC-regulated futures market based on current precedent/needs. But congressional and market structure bills like FIT21 could make this happen faster.

I think a SOL ETF would see the most demand compared to other altcoins (other than BTC and ETH)

However, the SEC does not discuss the legal status of SOL as it does with ETH. “Solana is a security,” the SEC has clearly stated in lawsuits against Coinbase, Kraken, and others. “This could make the approval process for SOL ETFs difficult and easily a rocky road.”
$BTC $SOL

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Hashdex Applies for Spot Bitcoin and Ethereum ETF. Three weeks after withdrawing its spot Ethereum ETF application, Hashdex is now back in the spotlight with an unexpected 19b-4 filing for spot Bitcoin and Ethereum ETFs. This two-way ETF offers to combine two major cryptocurrencies into a single investment vehicle. The application was highlighted by #ETF Store President Nate Geraci, who shared a screenshot of the document filed with the United States Securities and Exchange Commission (SEC) on June 17. The filing proposes that the Hashdex Nasdaq Crypto Index US ETF may be listed and traded pursuant to Nasdaq Rules 5711(d). According to the statement, the ETF will be managed by Hashdex, but not by Tidal ETF Services LLC, and custody of the assets will be done by Coinbase Custody Trust Company and Bitcoin Trust. The Spot Bitcoin and #Ethereum ETF is different from previous ETF products approved by the SEC and aims to provide investors with access to these two cryptocurrencies through a single fund. This can simplify investment strategies for both institutional and individual investors and offer access to the performance of these digital assets without the need to directly own them. The SEC's decision on this application is expected to be announced in March 2025. This development comes after Hashdex withdrew its spot Ethereum ETF application; This decision comes just weeks after the SEC approved similar filings from other major issuers such as VanEck, Fidelity and Grayscale. Grayscale also recently withdrew its application for an Ethereum Futures ETF, leading to speculation about its strategic intentions. Bloomberg ETF Research Analyst James Seyffart suggested that Grayscale could aim to repeat the success of the GBTC #Bitcoin ETF. $BTC $ETH
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