Solana

James

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CNBC Fast Money trader, Brian Kelly predicted that Solana ETF could be the next player.</a> </li> 
 <li> <span>2</span> <a>The SEC is about to decide on at least one proposed spot Ether ETF on May 23.</a> </li> 
 <li> <span>3</span> <a>Solana (SOL) is the most demanding digital asset after Bitcoin and Ethereum.</a> </li> 
</ul>  
<p>ETF is the latest buzzword in crypto as the Securities and Exchange Commission (SEC) is about to decide on one of the proposed <strong>spot Ether Exchange Traded Funds (ETFs)</strong> on May 23. Brian Kelly, CNBC Fast Money Trader debated that <strong>Solana ETF</strong> could be the next player in the ETF race, after Bitcoin (BTC) and Ethereum (ETH).</p> 
<h2 class="wp-block-heading" id="strong-why-is-brian-kelly-supporting-solana-strong"><strong>Why Is Brian Kelly Supporting Solana?</strong></h2> 
<p>In the CNBC post-market talk show Fast Money on May 22, Brian Kelly predicted that <strong>Solana ETF </strong>could be next on the list. According to him, Solana is the next big thing after BTC and ETH ETFs.</p> 
<p>Joe McCann, the CEO and CIO of Asymmetric took to X to share the news. The news had sparked debate on X.&nbsp;</p> 
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Oh weird <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@cnbc</a> says <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> is the next ETF.<br><br>Hmm, where have I heard that before… <a href="https://t.co/aYAedMhcM0">pic.twitter.com/aYAedMhcM0</a></p>— ◢ J◎e McCann 
  <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9ca.png" alt="🧊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@joemccann) <a href="https://twitter.com/joemccann/status/1793405795591479609?ref_src=twsrc%5Etfw">May 22, 2024</a>
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<p>“Approval timing is less important than a shift in sentiment and could benefit players like <a href="https://www.thecoinrepublic.com/2024/05/15/robinhood-crypto-eu-unveils-solana-staking-plans-localized-apps/" target="_blank" rel="noreferrer noopener">Robinhood </a>and Coinbase”, said Kelly. While sharing <strong>spot Ether ETF</strong> expectations, he stated that a new crypto ETF or SOL ETF is on the horizon.&nbsp;</p> 
<p>Moreover, the SEC is about to decide on at least one proposed <strong>spot Ether ETF</strong>, probably VanEck. As per the SEC’s request, companies including BlackRock, Bitwise Investment, Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, &amp; Franklin, and Grayscale submitted 19B-4 filing.</p> 
<h3 class="wp-block-heading" id="strong-solana-community-on-sol-etf-strong"><strong>Solana Community on SOL ETF</strong></h3> 
<p>Kelly’s predictions sparked discussion, seeking the investor attention towards Solana. However, a few of the industry observers shared their views.</p> 
<p>James Seyffart, Bloomberg ETF analyst believes a <strong>Solana ETF</strong> would record more demand in comparison to other digital assets.</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Based on current precedent/needs — Will happen within a few years of getting a CFTC regulated futures market. But congress &amp; Market structure bills like FIT21 could make it happen quicker. <br><br>I think a SOL ETF would see most demand vs other digital assets (aside from BTC &amp; ETH)</p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1793410731289067601?ref_src=twsrc%5Etfw">May 22, 2024</a>
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<p>Nate Geraci, president of ETF Store also shared his views on a <strong>Solana ETF.</strong> According to Geraci, it is possible only if Congress introduces legitimate crypto regulations or Chicago Mercantile Exchange-traded Solana futures product is listed.</p> 
<h3 class="wp-block-heading" id="strong-solana-s-current-performance-strong"><strong>Solana’s Current Performance</strong></h3> 
<p>At press time SOL was trading at $176.83, after a 1.78% drop intraday with a market cap of $79,393,395,403 and $3,588,199,236 in 24-hour volume.&nbsp;</p> 
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  <img loading="lazy" decoding="async" width="1024" height="566" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-290-1024x566.png" alt="Solana" class="wp-image-206621" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-290-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-290-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-290-768x425.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-290-750x415.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-290.png 1027w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p class="has-text-align-center">Solana Price I Source: CoinMarketCap</p> 
<p>In the last 7 days, the cryptocurrency surged 8.99% from $161.3 on May 16 to $187.83 on May 21. The data indicates enhanced interest and trust of investors towards SOL.</p>

Solana ETF Could Hit The Market Next After BTC & ETH ETFs

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