Solana

Bitcoin ETF

<p>The post <a href="https://coinpedia.org/news/matt-hougan-shares-the-timeline-for-solana-and-xrp-etf/" rel="noopener noreferrer nofollow">Matt Hougan Shares the Timeline for Solana and XRP ETF</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Matt Hougan, Chief Investment Officer at Bitwise Asset Management, <a href="https://www.youtube.com/watch?v=Ecvlv77Omnw&amp;t=678s" target="_blank" rel="noopener noreferrer nofollow">expressed </a>a bullish outlook on <a href="https://markets.coinpedia.org/bitcoin-etf/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF</a> inflows for the second half of 2024 despite market volatility. He noted that while there is current fear sentiment, historical trends suggest that pullbacks, especially those seen in summer, often present buying opportunities rather than indicators of long-term decline. Hougan believes with newly approved ETH ETFs and many in lines like Solana and XRP, the market will be shining in Q2.&nbsp;</p>
<p>Here’s his insight!</p>
<h2 class="wp-block-heading" id="h-market-vibes-are-positive-for-etfs"><strong>Market Vibes are Positive for ETFs!</strong></h2>
<p>During an interview with Thinking Crypto, Matt Hougan <a href="https://www.youtube.com/watch?v=Ecvlv77Omnw&amp;t=678s" target="_blank" rel="noopener noreferrer nofollow">pointed </a>out that the buzz about a potential spot <a href="https://coinpedia.org/news/eth-etf-approval-expected-soon-could-steal-15-of-bitcoins-etf-investment/" target="_blank" rel="noopener noreferrer nofollow">Ethereum ETF approval</a> has put some positive energy into the market. He explained that although the idea of an ETF hasn’t fully sunk in with everyone, recent events suggest that we might be headed towards the trillion-dollar industry and ETFs can be a game changer.&nbsp;</p>
<h3 class="wp-block-heading" id="h-numbers-are-high"><strong>Numbers are High</strong></h3>
<p>Hougan predicted that once launched in the U.S., spot Ethereum ETFs could attract $15 billion in net inflows within their first 18 months. The SEC approved 19b-4 forms for <a href="https://coinpedia.org/news/sec-issues-comments-on-s-1-forms-for-ethereum-etfs-response-deadline-this-friday/" target="_blank" rel="noopener noreferrer nofollow">eight spot Ethereum ETFs</a> from companies like Bitwise, BlackRock, and Fidelity on May 23, but the S-1 registration statements must become effective before trading can start, expected to happen in a few weeks.</p>
<h3 class="wp-block-heading" id="h-timeline-for-solana-and-xrp-etf"><strong>Timeline for Solana and XRP ETF</strong></h3>
<p>Moving on Hougan analyzed Solana and XRP ETF’s future, Hougan suggested that launching futures on platforms like CME or significant legislative advancements could be necessary, with a timeline potentially extending into 2025-2027.</p>
<p>On the flip side, GSR, a leading crypto market maker, <a href="https://www.gsr.io/reports/is-solana-eft-next/" target="_blank" rel="noopener noreferrer nofollow">predicts </a>Solana (SOL) as a strong candidate for ETF approval due to its solid decentralization and market demand, surpassing Cardano (ADA) and Ripple’s XRP.&nbsp;</p>
<h2 class="wp-block-heading" id="h-current-scenario"><strong>Current Scenario</strong></h2>
<p>The report claims that Solana’s upcoming Firedancer client and robust market performance demonstrate high investor confidence. GSR’s analysis ranks Ethereum highest for ETF approval, followed by Solana and NEAR Protocol. Solana’s price could increase significantly post-ETF approval, ranging from 1.4x to 8.9x. VanEck’s Solana spot ETF filing highlights its growing institutional appeal.</p>
<p>Overall, Hougan sees the SEC’s approval of spot Ether ETFs as a positive step. As the crypto community awaits regulatory changes, Hougan believes there is great potential for crypto adoption once these legal uncertainties are resolved.</p>
<p>Also Read : <a href="https://coinpedia.org/news/kraken-ceo-jesse-powell-donates-1m-in-trump-campaign/" target="_blank" rel="noopener noreferrer nofollow">Kraken CEO Jesse Powell Donates $1M in Trump Campaign</a></p>

Matt Hougan Shares the Timeline for Solana and XRP ETF

Table of Contents

CoinPedia News

Outros artigos publicados em 28 de jun. de 2024

VanEck Researcher Matthew Siegel Believes Solana ETF Approval Comes Next

AVAX Price Increases with Potential ETF Rumors

Breaking: 21Shares Submits Application For Solana ETF

MoonBag Meme Coin's Star-studded Presale Sees $3 Million Raise in a Month, While IMX and RNDR Hit...

Solana Surge as Potential Candidate for Next Spot ETF: Analysts Report

2024 Crypto Market Preview: BlockDAG’s $2M Giveaway Exceeds AXS Recovery & Ether ETFs

Join our free newsletter for daily crypto updates!