Ilan Solot, co-head of digital assets at Marex Solutions, expressed an extremely optimistic view on Ether's near-term outlook. The ETF announcement highlighted factors such as the underweight of Ether markets, a significant portion of Ether liquidity locked in staking, and a positive macro environment.

Ethereum has led the world in smart contract blockchain, powering more than 4,000 decentralized applications since its launch in 2015. It hosts major decentralized finance protocols like Uniswap, AAVE, and tokenization initiatives like BlackRock's BUIDL. Ethereum has never experienced an outage like Solana.

However, there have also been cases, especially during bull runs, where investors have switched to Solana to avoid Ethereum's network congestion and high transaction costs. For example, Solana's share of global trading volume on decentralized exchanges increased due to the meme coin craze earlier this year, sparking discussions that SOL could potentially surpass ETH. But given the recent speculation around the ETH ETF and its price action, such talks seem premature$ETH $SOL $ETHFI