Solana ETF Could Hit The Market Next After BTC & ETH ETFs
The post Solana ETF Could Hit The Market Next After BTC & ETH ETFs appeared on BitcoinEthereumNews.com.
ETF is the latest buzzword in crypto as the Securities and Exchange Commission (SEC) is about to decide on one of the proposed spot Ether Exchange Traded Funds (ETFs) on May 23. Brian Kelly, CNBC Fast Money Trader debated that Solana ETF could be the next player in the ETF race, after Bitcoin (BTC) and Ethereum (ETH). Why Is Brian Kelly Supporting Solana? In the CNBC post-market talk show Fast Money on May 22, Brian Kelly predicted that Solana ETF could be next on the list. According to him, Solana is the next big thing after BTC and ETH ETFs. Joe McCann, the CEO and CIO of Asymmetric took to X to share the news. The news had sparked debate on X. Oh weird @cnbc says $SOL is the next ETF. Hmm, where have I heard that before… pic.twitter.com/aYAedMhcM0 — ◢ J◎e McCann 🧊 (@joemccann) May 22, 2024 “Approval timing is less important than a shift in sentiment and could benefit players like Robinhood and Coinbase”, said Kelly. While sharing spot Ether ETF expectations, he stated that a new crypto ETF or SOL ETF is on the horizon. Moreover, the SEC is about to decide on at least one proposed spot Ether ETF, probably VanEck. As per the SEC’s request, companies including BlackRock, Bitwise Investment, Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, & Franklin, and Grayscale submitted 19B-4 filing. Solana Community on SOL ETF Kelly’s predictions sparked discussion, seeking the investor attention towards Solana. However, a few of the industry observers shared their views. James Seyffart, Bloomberg ETF analyst believes a Solana ETF would record more demand in comparison to other digital assets. Based on current precedent/needs — Will happen within a few years of getting a CFTC regulated futures market. But congress & Market structure bills like FIT21 could make it happen…
Filed under: News - @ May 23, 2024 1:16 pm