Eyes focus on Solana after approval of Ethereum ETFs

With the approval in the United States of spot ETFs for ether (ETH), the native cryptocurrency of the Ethereum network, several analysts see the way open for the emergence of exchange-traded products for other cryptocurrencies. 

The approval of the Ethereum ETF paves the way for a first blockchain asset other than bitcoin (BTC) to be considered a commodity, raising hopes for cryptocurrencies similar to Ethereum (likely Solana) to follow the same route," they wrote. analysts Gautam Chhugani and Mahika Sapra. 

Bernstein's idea was supported by CNBC's "Fast Money" trader Brian Kelly, who also raised the possibility of SOL being the next cryptocurrency to get an ETF in the United States.    

In this sense, the precedent set with the approval of the Ethereum ETF by the Securities and Exchange Commission (SEC) is highlighted. This, taking into account that it is the first asset not related to the bitcoin blockchain to be classified as merchandise, even though it is part of the debate on securities that the SEC has carried out in recent years. 

Do you think Solana ETFs will be approved in the future?

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