Solana

Donald Trump

James

<p>CNBC’s Fast Money show sparked a debate over whether a spot Solana ETF (exchange-traded fund) could be next to launch in the US.</p>
<p>“The trade now is, who’s next,” said Brian Kelly, founder of crypto investment firm BKCM, in an appearance on the show. “You’ve got to think about Solana as probably the next one. Bitcoin, Ethereum, and Solana are probably the big three for this cycle.”</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚨LATEST: <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CNBC</a> Guest believes <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> ETF probably be Next as <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> , Ethereum and Solana are Big 3 of this cycle <a href="https://t.co/jaq10qeJeo" rel="noopener noreferrer nofollow">pic.twitter.com/jaq10qeJeo</a></p>
 <p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1793409822643331563?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Kelly’s prediction comes amid growing market optimism that the US Securities and Exchange Commission (SEC) will approve a spot ETH ETF. The regulator is facing the final deadline for the VanEck spot Ether ETF application on May 23, today.</p>
<h2 id="crypto-community-says-a-solana-etf-faces-a-rocky-road">Crypto Community Says A Solana ETF Faces A ”Rocky Road”</h2>
<p>Kelly’s prediction has been met with some push back from the crypto community. Bloomberg ETF analyst James Seyffart said that the SEC has categorically classified Solana as a security in lawsuits against Coinbase and Kraken, making any approval of a spot SOL ETF a “very rocky road.”</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">But SEC isn't dancing around SOL's status like they have ETH. Those lawsuits against COIN and Kraken and others flat out say "Solana is a security" lol. Which could very easily make this a very rocky road</p>
 <p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1793411966071177285?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Unlike Ethereum, Solana also lacks a futures product listed in the US, and the ETF Store’s Nate Geraci <a href="https://x.com/NateGeraci/status/1793426041693938163" target="_blank" rel="noopener noreferrer nofollow">says</a> that lowers the likelihood of a Solana ETF launching any time soon.</p>
<p>Seyffart added that a SOL ETF may take a few years, but also said Solana ETFs would attract high demand.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/ethereum-etf-preparations-ramp-up-as-fidelity-grayscale-and-vaneck-lead-the-charge-with-updated-filings" rel="noopener noreferrer nofollow">Ethereum ETF Preparations Ramp Up As Fidelity, Grayscale, And VanEck Lead The Charge</a></li>
 <li><a href="https://insidebitcoins.com/news/99bitcoins-token-ico-blasts-past-1-5m-for-cryptos-first-learn-to-earn-brc-20-token" rel="noopener noreferrer nofollow">99Bitcoins Token ICO Blasts Past $1.5m For Crypto’s First Learn To Earn BRC-20 Token</a></li>
 <li><a href="https://insidebitcoins.com/news/crypto-enters-political-battlefield-as-donald-trump-becomes-first-major-party-candidate-to-accept-donations-in-crypto" rel="noopener noreferrer nofollow">Crypto Enters Political Battlefield As Donald Trump Becomes First Major Party Candidate To Accept Donations In Crypto</a></li>
</ul>

CNBC Sparks Debate Over Whether A Spot Solana ETF Might Be Next

Table of Contents

Inside Bitcoins

Other articles published on May 23, 2024

Hong Kong To Allow Staking for Spot Ethereum ETFs, Will It See More Inflows?

Cardano Faces Market Uncertainty Despite Bullish Factors

Every Altcoin That Will Make You Rich In 2024

Unlocking Profitable Investment: MoonBag Meme Coin Offers 15000% ROI beyond ChainGpt and Blastup

Hours Before the Potential Approval of the Ethereum ETF, Discussion Started to Which Project the ...

US House Passes Groundbreaking FIT21 Crypto Bill: What Next for Cryptocurrency Regulation?

Join our free newsletter for daily crypto updates!