Solana

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<ul class="news-points"> 
 <li><strong>Brian Kelly predicts Solana as next possible crypto spot ETF.</strong></li> 
 <li><strong>Solana ETF approval faces regulatory hurdles, experts say.</strong></li> 
 <li><strong>Some experts favor Litecoin or Dogecoin for the next ETF due to their simpler mechanisms.</strong></li> 
</ul> 
<p>Crypto investor Brian Kelly suggested Solana (SOL) could be the next cryptocurrency to secure a spot exchange-traded fund (ETF) in the US, following the SEC’s <a href="https://coinedition.com/ether-etf-frenzy-memecoins-explode-investors-eye-sec-decision/">anticipated decision on a spot Ether ETF</a>.</p> 
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   <p lang="en" dir="ltr">CNBC Guest believes <a href="https://twitter.com/search?q=%24Sol&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$Sol</a> will have the Next Spot ETF <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/M79fSC6uJy" target="_blank" rel="nofollow">pic.twitter.com/M79fSC6uJy</a></p>— Joshua Jake (@itzjoshuajake) <a href="https://twitter.com/itzjoshuajake/status/1793431544402690441?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 22, 2024</a>
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<p>Kelly, who is also the CEO of BKCM Digital Asset Fund, believes Solana is one of the “big three” coins alongside Bitcoin and Ethereum. However, some industry analysts disagree.</p> 
<p>Approval for a spot Solana ETF hinges on a futures product being listed on the Chicago Mercantile Exchange (CME) or the establishment of a clear regulatory framework from Congress. Currently, only Bitcoin and Ether futures have been approved.</p> 
<p>Even if approved, experts believe there would be significant demand for a Solana ETF, potentially surpassing all other digital assets except Bitcoin and Ether. However, the SEC’s <a href="https://www.sec.gov/Archives/edgar/data/1364742/000083423721006888/0000834237-21-006888-index-headers.html" target="_blank" rel="nofollow">classification of Solana as a s…</a></p>
<p>The post <a href="https://coinedition.com/solana-the-dark-horse-in-the-crypto-etf-race-as-ethereum-surges/">Solana: The Dark Horse in the Crypto ETF Race as Ethereum Surges</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Solana: The Dark Horse in the Crypto ETF Race as Ethereum Surges

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