SOLANAETF
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#BitcoinETFs! - Approved ✅
#EtheruemETF - Approved ✅
#SOLANAETF - Applied ✅
🤔 Which Altcoin ETF will be the next?
#Gateio #ETF
#EtheruemETF - Approved ✅
#SOLANAETF - Applied ✅
🤔 Which Altcoin ETF will be the next?
#Gateio #ETF
What will happen to Solana in the event of an ETF launch
Solana cryptocurrency has significant growth potential if a spot exchange traded fund based on the SOL token is launched
Our experts drew parallels between the launch of bitcoin-ETFs and the potential impact of ETFs on Solana (SOL). The launch of the bitcoin-ETF in the US in January was accompanied by a surge of interest in Bitcoin. On a wave of anticipation since the previous October, the price of BTC more than doubled from $27k to $63k at the end of June 2024. And a similar scenario may repeat with Solana after the launch of the relevant ETFs.
For example, the price of SOL will grow 1.4 times in a bearish scenario, 3.4 times in a basic scenario and 8.9 times in an ideal scenario.
These scenarios are based on an estimate of capital inflows into existing Solana-based investment products compared to similar bitcoin-based investment products from 2021 to 2023 (before the emergence of spot ETFs in the U.S.).
The bear scenario assumes that the equity in Solana-based investment products will be 2% of the equity of similar bitcoin products. In the baseline scenario, the amount of funds would be 5%, respectively.
The ideal (blue sky) scenario takes into account capital flows into bitcoin products at the market peak in 2021 and now, when there are already spot bitcoin ETFs. The total amount of funds in Solana-based ETFs over the next three years could be 14% of what bitcoin funds will receive.
Analysts believe the impact of the launch of the Solana ETF on the cryptocurrency's exchange rate could be stronger because, unlike bitcoin, SOL is actively used for steaking in decentralized financial applications. $SOL
#SOLANAETF #solonapumping
Our experts drew parallels between the launch of bitcoin-ETFs and the potential impact of ETFs on Solana (SOL). The launch of the bitcoin-ETF in the US in January was accompanied by a surge of interest in Bitcoin. On a wave of anticipation since the previous October, the price of BTC more than doubled from $27k to $63k at the end of June 2024. And a similar scenario may repeat with Solana after the launch of the relevant ETFs.
For example, the price of SOL will grow 1.4 times in a bearish scenario, 3.4 times in a basic scenario and 8.9 times in an ideal scenario.
These scenarios are based on an estimate of capital inflows into existing Solana-based investment products compared to similar bitcoin-based investment products from 2021 to 2023 (before the emergence of spot ETFs in the U.S.).
The bear scenario assumes that the equity in Solana-based investment products will be 2% of the equity of similar bitcoin products. In the baseline scenario, the amount of funds would be 5%, respectively.
The ideal (blue sky) scenario takes into account capital flows into bitcoin products at the market peak in 2021 and now, when there are already spot bitcoin ETFs. The total amount of funds in Solana-based ETFs over the next three years could be 14% of what bitcoin funds will receive.
Analysts believe the impact of the launch of the Solana ETF on the cryptocurrency's exchange rate could be stronger because, unlike bitcoin, SOL is actively used for steaking in decentralized financial applications. $SOL
#SOLANAETF #solonapumping
$SOL Looking Bullish 👀🚀
#SolanaUSTD bounced from critical support after the #SOLANAETF news
We could see more upside in the coming weeks for $SOL if we really get an ETF
Are you bullish on #Solana ?
#SolanaUSTD bounced from critical support after the #SOLANAETF news
We could see more upside in the coming weeks for $SOL if we really get an ETF
Are you bullish on #Solana ?
VanEck, one of the issuers of the first spot Bitcoin exchange-traded fund (ETF) in the United States, has filed for an ETF for Solana assets. Matthew Sigel, head of digital asset research at VanEck, via X on June 27 announced that the company has filed for a Solana ETF with the US Securities and Exchange Commission (SEC).
This latest product, called the VanEck Solana Trust, aims to take advantage of Solana's decentralized nature, high utility and economic viability, Sigel said. According to the executive, this type of filing represents the first filing for a Solana ETF in the United States. “We believe the native token, $SOL , functions similarly to other digital commodities such as Bitcoin and Ether. It is used to pay transaction fees and computing services on the blockchain. Like Ether on the Ethereum network, SOL can be traded on digital asset platforms or used in peer-to-peer transactions.” Sigel explained.
#VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #SOLANAETF #Market_Update #CryptoNewss
This latest product, called the VanEck Solana Trust, aims to take advantage of Solana's decentralized nature, high utility and economic viability, Sigel said. According to the executive, this type of filing represents the first filing for a Solana ETF in the United States. “We believe the native token, $SOL , functions similarly to other digital commodities such as Bitcoin and Ether. It is used to pay transaction fees and computing services on the blockchain. Like Ether on the Ethereum network, SOL can be traded on digital asset platforms or used in peer-to-peer transactions.” Sigel explained.
#VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #SOLANAETF #Market_Update #CryptoNewss
Solana ETF possible with a change in POTUS, SEC: Balchunas
Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF.
#SolanaStrong #SOLANAETF #VanEck_SOL_ETFS
Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF.
#SolanaStrong #SOLANAETF #VanEck_SOL_ETFS
Investment manager VanEck files to list spot Solana ETF
$SOL
investment manager VanEck filed to list an exchange-traded fund (ETF) tied to the spot price of crypto token Solana, according to a regulatory filing on Thursday.
The filing comes months after the approval of spot bitcoin ETFs, which paved the way for fund managers to mull providing similar investment vehicles tied to other cryptocurrencies.
The Securities and Exchange Commission is also expected to approve ether ETFs as soon as next week, Reuters reported.
VanEck did not disclose the fees it would charge for the fund.
Investment manager VanEck filed to list a spot exchange traded fund (ETF) tied to the spot price of crypto token Solana, according to a regulatory filing on Thursday.
#MarketNews #SOLANAETF #Binance #altcoins #6thTrade
-Reuters
$ETH $BNB
$SOL
investment manager VanEck filed to list an exchange-traded fund (ETF) tied to the spot price of crypto token Solana, according to a regulatory filing on Thursday.
The filing comes months after the approval of spot bitcoin ETFs, which paved the way for fund managers to mull providing similar investment vehicles tied to other cryptocurrencies.
The Securities and Exchange Commission is also expected to approve ether ETFs as soon as next week, Reuters reported.
VanEck did not disclose the fees it would charge for the fund.
Investment manager VanEck filed to list a spot exchange traded fund (ETF) tied to the spot price of crypto token Solana, according to a regulatory filing on Thursday.
#MarketNews #SOLANAETF #Binance #altcoins #6thTrade
-Reuters
$ETH $BNB
VanEck is first to file for a US Solana ETF. 🔥🤑🤯
SOL is an open-source blockchain powering diverse applications like payments, trading, and gaming. Its unique architecture prioritizes scalability, speed, and affordability.
Solana's efficient design allows for thousands of transactions per second with low fees, using a novel combination of proof-of-history and proof-of-stake.
We believe SOL functions like other digital commodities, such as Bitcoin and Ether. It's used for transaction fees, traded on exchanges, and utilized in peer-to-peer transactions.
The Solana ecosystem supports numerous applications, from DeFi to NFTs, showcasing its utility and value. Its decentralized nature, maintained by independent validators worldwide, ensures no single entity controls the system.
SOL's versatility, utility, and decentralized nature make it an attractive option for investors, builders, and entrepreneurs seeking alternatives to traditional app stores.
#solana #SOLETF #SOLANAETF #VanEck #ETF
SOL is an open-source blockchain powering diverse applications like payments, trading, and gaming. Its unique architecture prioritizes scalability, speed, and affordability.
Solana's efficient design allows for thousands of transactions per second with low fees, using a novel combination of proof-of-history and proof-of-stake.
We believe SOL functions like other digital commodities, such as Bitcoin and Ether. It's used for transaction fees, traded on exchanges, and utilized in peer-to-peer transactions.
The Solana ecosystem supports numerous applications, from DeFi to NFTs, showcasing its utility and value. Its decentralized nature, maintained by independent validators worldwide, ensures no single entity controls the system.
SOL's versatility, utility, and decentralized nature make it an attractive option for investors, builders, and entrepreneurs seeking alternatives to traditional app stores.
#solana #SOLETF #SOLANAETF #VanEck #ETF
VanEck's Solana ETF Filing Suggests Strong Future Growth for SOL
#SolanaUSTD promising signs of a potential upward movement.
Support at $120.80: The yellow horizontal line represents a significant support level at $120.80, which $SOL
has tested multiple times since the start of 2024. Holding above this level is crucial for maintaining bullish sentiment.
Descending Channel Break: Recently, SOL has broken out of the descending channel, which typically signals the end of a downtrend and the beginning of a potential reversal.
This breakout is marked by an increase in price and volume, indicating strong buying interest.
Completion of ABC Pattern: The pattern labeled on the chart (with points 1, 2, 3, and 4) resembles an ABC correction, a common Elliott Wave pattern used in technical analysis. The completion of this pattern often precedes a new upward trend.
#SOLANAETF #CryptoTradingGuide #MarketNews #6thTrade
$ETH
$BNB
#SolanaUSTD promising signs of a potential upward movement.
Support at $120.80: The yellow horizontal line represents a significant support level at $120.80, which $SOL
has tested multiple times since the start of 2024. Holding above this level is crucial for maintaining bullish sentiment.
Descending Channel Break: Recently, SOL has broken out of the descending channel, which typically signals the end of a downtrend and the beginning of a potential reversal.
This breakout is marked by an increase in price and volume, indicating strong buying interest.
Completion of ABC Pattern: The pattern labeled on the chart (with points 1, 2, 3, and 4) resembles an ABC correction, a common Elliott Wave pattern used in technical analysis. The completion of this pattern often precedes a new upward trend.
#SOLANAETF #CryptoTradingGuide #MarketNews #6thTrade
$ETH
$BNB
The founder of $BOME , revealed on X platform that they are currently conducting final testing on a token destruction app tool. #BOMEUpdate
Based on our algorithmically generated price prediction for BOOK OF MEME, the price of BOME is expected to decrease by 226.20% in the next month and reach $ 0.02661 on Jul 23, 2024. #CryptoTradingGuide Additionally, BOOK OF MEME's price is forecasted to gain 178.79% in the next six months and reach $ 0.022742 on Dec 20, 2024. #SuperMacho
This precition can be more if the #SOLANAETF is launch in this year. #EarnFreeCrypto2024
Based on our algorithmically generated price prediction for BOOK OF MEME, the price of BOME is expected to decrease by 226.20% in the next month and reach $ 0.02661 on Jul 23, 2024. #CryptoTradingGuide Additionally, BOOK OF MEME's price is forecasted to gain 178.79% in the next six months and reach $ 0.022742 on Dec 20, 2024. #SuperMacho
This precition can be more if the #SOLANAETF is launch in this year. #EarnFreeCrypto2024
🩷Solana Expected to Join ETF Market in July 2024
The crypto market is abuzz with anticipation as Solana (SOL) is poised to enter the Exchange-Traded Fund (ETF) landscape. Analysts at VanEck and other financial firms predict that a spot Solana ETF could launch as early as July 2024. This follows the trend set by the recent approvals of Bitcoin and Ethereum spot ETFs, indicating a growing acceptance and regulatory clarity for digital assets.
VanEck's analysts, Matthew Sigel and Patrick Bush, foresee Solana securing a top position in the market, potentially becoming one of the top three blockchains by market capitalization, total value locked (TVL), and active users within the next two years. They cite Solana's robust growth in TVL, which has surged over 160% in recent months, and its significant advancements in decentralized finance (DeFi) applications.
The introduction of a Solana spot ETF would make it easier for mainstream investors to gain exposure to Solana and other tokens within its ecosystem. This could attract significant investor interest, given Solana's high throughput and growing adoption. Regulatory approval for such ETFs could be expedited by recent pro-crypto legislation, though some analysts, like James Seyffart from Bloomberg Intelligence, suggest that the timeline might extend into 2026 due to regulatory complexities.
As the crypto ETF market evolves, Solana's entry could mark a significant milestone, providing investors with more diversified options and potentially driving further adoption of blockchain technologies. The potential approval of a Solana spot ETF represents a broader trend of integrating digital assets into traditional financial markets, offering new opportunities for both retail and institutional investors.
Stay tuned for further updates as the regulatory landscape continues to develop and more details about the Solana ETF emerge.
$SOL
#solanAnalysis #SOLANAETF #SolanaStrong
The crypto market is abuzz with anticipation as Solana (SOL) is poised to enter the Exchange-Traded Fund (ETF) landscape. Analysts at VanEck and other financial firms predict that a spot Solana ETF could launch as early as July 2024. This follows the trend set by the recent approvals of Bitcoin and Ethereum spot ETFs, indicating a growing acceptance and regulatory clarity for digital assets.
VanEck's analysts, Matthew Sigel and Patrick Bush, foresee Solana securing a top position in the market, potentially becoming one of the top three blockchains by market capitalization, total value locked (TVL), and active users within the next two years. They cite Solana's robust growth in TVL, which has surged over 160% in recent months, and its significant advancements in decentralized finance (DeFi) applications.
The introduction of a Solana spot ETF would make it easier for mainstream investors to gain exposure to Solana and other tokens within its ecosystem. This could attract significant investor interest, given Solana's high throughput and growing adoption. Regulatory approval for such ETFs could be expedited by recent pro-crypto legislation, though some analysts, like James Seyffart from Bloomberg Intelligence, suggest that the timeline might extend into 2026 due to regulatory complexities.
As the crypto ETF market evolves, Solana's entry could mark a significant milestone, providing investors with more diversified options and potentially driving further adoption of blockchain technologies. The potential approval of a Solana spot ETF represents a broader trend of integrating digital assets into traditional financial markets, offering new opportunities for both retail and institutional investors.
Stay tuned for further updates as the regulatory landscape continues to develop and more details about the Solana ETF emerge.
$SOL
#solanAnalysis #SOLANAETF #SolanaStrong
$SOL emerges as a top payment choice with #PayPal integrating its stablecoin, aiming for faster, cheaper transactions. Institutions like Visa and #Fireblocks see Solana's scalability (65,000 TPS, $0.0025 fees) as a gamechanger. Analysts predict a Solana ETF next, adding to growing adoption by PayPal, Stripe, and Visa. #SOLANAETF
JP Morgan: Solana and XRP ETFs Unlikely to Gain SEC Approval.
JP Morgan: Solana and XRP ETFs Unlikely to Gain SEC Approval.
Following the SEC's approval of Ethereum ETFs, alongside Bitcoin ETFs, speculation has grown about the potential for ETFs based on other cryptocurrencies like Solana (SOL) and XRP. However, JP Morgan's recent comments suggest this may not be likely.
The Block reports that Nikolaos Panigirtzoglou, JP Morgan's managing director and global market strategist, doubts the SEC will approve ETFs for Solana or other altcoins. Panigirtzoglou explained that the SEC's stance is that most cryptocurrencies are securities, complicating the approval of further altcoin ETFs.
"We don't expect the SEC to approve any altcoin ETFs other than Ethereum," Panigirtzoglou said. "The approval of ETH ETFs was already a significant step, given the ambiguity about whether Ethereum should be classified as a security. We believe the SEC is unlikely to move forward with approving Solana or other token ETFs, as they are likely to be classified as securities."
This insight emphasizes the challenges other cryptocurrencies face in obtaining ETF approval without new legislation that clarifies their status as non-securities.
#ETHETFsApproved #SOLANAETF #BTC☀
Following the SEC's approval of Ethereum ETFs, alongside Bitcoin ETFs, speculation has grown about the potential for ETFs based on other cryptocurrencies like Solana (SOL) and XRP. However, JP Morgan's recent comments suggest this may not be likely.
The Block reports that Nikolaos Panigirtzoglou, JP Morgan's managing director and global market strategist, doubts the SEC will approve ETFs for Solana or other altcoins. Panigirtzoglou explained that the SEC's stance is that most cryptocurrencies are securities, complicating the approval of further altcoin ETFs.
"We don't expect the SEC to approve any altcoin ETFs other than Ethereum," Panigirtzoglou said. "The approval of ETH ETFs was already a significant step, given the ambiguity about whether Ethereum should be classified as a security. We believe the SEC is unlikely to move forward with approving Solana or other token ETFs, as they are likely to be classified as securities."
This insight emphasizes the challenges other cryptocurrencies face in obtaining ETF approval without new legislation that clarifies their status as non-securities.
#ETHETFsApproved #SOLANAETF #BTC☀
Crypto investor Brian Kelly predicts Solana could be the next cryptocurrency with a spot ETF in the US, but there are hurdles. Unlike Bitcoin and Ethereum ETFs, a regulated Solana futures market and clear crypto regulations are needed first. The SEC's past security classification of Solana adds another layer of complexity. While Kelly sees Solana as a major player, others like Litecoin or Dogecoin might be more likely candidates for the next spot ETF.
#ETHETFS #SOLANAETF #dogecoin #Briankelly
#ETHETFS #SOLANAETF #dogecoin #Briankelly
Brad Garlinghouse's remarks at Consensus 2024, predicting Solana ETF approvals, have stirred speculation about SOL's price surge potential. With the SEC's nod to Bitcoin and Ethereum ETFs, Garlinghouse sees clear regulations as vital for digital asset growth in the US, highlighting Solana's promise.
#Consensus2024 #SOLANAETF #Garlinghouse #ETHETFsApproved
#Consensus2024 #SOLANAETF #Garlinghouse #ETHETFsApproved
