Will Solana be next with a spot SOL ETF?

[TomPluz]

After the approval of spot Bitcoin ETF in January which later on pushed the price of BTC to achieved a new ATH even before halving and now there is another breaking news of SEC finally released its nod for spot Ethereum ETF, there is now some speculations that soon we can be able to see spot Solana ETF in the market.

Alongside the potential spot ETH ETF approval and how regulators will likely make a decision about it on May 23, 2024, another exchange-traded fund that's gained traction in the crypto community is a spot SOL ETF. Like its spot Bitcoin counterpart, crypto traders are speculating about the bullish possibility of TradFi traders gaining exposure to altcoins like Solana through a spot Solana ETF.

I am sure that many SOL supporters and holders are so excited with this news which if will happen will mark a very big milestone for SOL and can cement its own reputation as a very competitive and valuable cryptocurrency network worth considering and investing with.

Are you enthusiastic with this rumor?

[salad daging]

Not so sure Solana will be an ETF soon as bitcoin and ETH alone took a few years to be approved by the SEC but going forward I don't know how things will change as Solana does have a large community.

But for me this will not be in the near future it will definitely require a long process to assess it.
And I only know now is the news that Solana will be ETF but this is still not hype.

[MrSpasybo]

After the approval of spot Bitcoin ETF in January which later on pushed the price of BTC to achieved a new ATH even before halving and now there is another breaking news of SEC finally released its nod for spot Ethereum ETF, there is now some speculations that soon we can be able to see spot Solana ETF in the market.

I am sure that many SOL supporters and holders are so excited with this news which if will happen will mark a very big milestone for SOL and can cement its own reputation as a very competitive and valuable cryptocurrency network worth considering and investing with.

Are you enthusiastic with this rumor?

Upon the approval of ETH Spot ETF, we can understand that ETH is no longer accused of being a security. Therefore, many POS tokens, including SOL, are also not securities. This is really good news for the market at this time, especially for SOL, to enter the bullrun smoothly.

For SOL Spot ETF, I think it is still too early for us to have expectations for it, although the trading demand of investors for SOL may have been large enough for the SEC to consider and approve requests for SOL Spot ETF. We should wait for official information about whether large funds like BlackRock and Fidelity want SOL Spot ETF for their clients. Of course, if they dare to request, I will also support SOL Spot ETF because it can boost SOL token price and the explosion of the entire Solana ecosystem.