Solana

Donald Trump

James

<div class="insidebitcoins">
 <p>CNBC’s Fast Money show sparked a debate over wh<a rel="noopener noreferrer nofollow" title="ether" href="https://thebittimes.com/tag/ether.html">ether</a> 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: @CNBC Guest believes $SOL ETF probably be Next as #Bitcoin , Ethereum and Solana are Big 3 of this cycle pic.twitter.com/jaq10qeJeo</p>
  <p>— SolanaFloor (@SolanaFloor) May 22, 2024</p>
 </blockquote>
 <p></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) May 22, 2024</p>
 </blockquote>
 <p></p>
 <p>Unlike Ethereum, Solana also lacks a futures product listed in the US, and the ETF Store’s Nate Geraci says 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>Ethereum ETF Preparations Ramp Up As Fidelity, Grayscale, And VanEck Lead The Charge</li>
  <li>99Bitcoins Token ICO Blasts Past $1.5m For Crypto’s First Learn To Earn BRC-20 Token</li>
  <li>Crypto Enters Political Battlefield As Donald Trump Becomes First Major Party Candidate To Accept Donations In Crypto</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cnbc-sparks-debate-over-whether-a-spot-solana-etf-might-be-next-tbt89388.html">https://thebittimes.com/cnbc-sparks-debate-over-whether-a-spot-solana-etf-might-be-next-tbt89388.html</a></p>
</div>

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

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