Amid regulatory anticipation, market analysts are eagerly awaiting the SEC’s decision on the approval of an #Ethereum ETF. High expectations for approval are creating significant buzz in financial circles. Speculations indicate that altcoins like #Solana (SOL) might be included if an #Ethereum ETF gets the green light. Analysts believe this could set off a domino effect, paving the way for more spot ETFs across various cryptocurrencies.
In a recent CNBC interview, BKCM CEO Brian Kelly speculated that Solana might be the next cryptocurrency to receive an ETF. Adding to the buzz, rumors from Hong Kong suggest that an issuer is preparing for a SOL ETF. However, Solana faces unique challenges. Unlike Ethereum, it currently lacks a futures ETF and has been classified as a security by the SEC, complicating its ETF prospects. Additionally, a major ETF issuer has expressed disinterest in launching ETFs beyond Bitcoin and Ethereum, further complicating the path for a potential Solana ETF.
