Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Solana Forum => Topic started by: TomPluz on May 24, 2024, 06:39:59 AM

Title: Will Solana be next with a spot SOL ETF?
Post by: TomPluz on May 24, 2024, 06:39:59 AM
(https://pbs.twimg.com/media/GOUXEyJaQAAVTvu?format=jpg&name=small)


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.

Quote
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. (https://www.okx.com/learn/solana-etf-sol)

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?







Title: Re: Will Solana be next with a spot SOL ETF?
Post by: salad daging on May 24, 2024, 08:36:44 PM
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.
Title: Re: Will Solana be next with a spot SOL ETF?
Post by: MrSpasybo on May 25, 2024, 02:26:25 AM
Quote from: TomPluz on May 24, 2024, 06:39:59 AM
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.
Title: Re: Will Solana be next with a spot SOL ETF?
Post by: MUGNIA on May 30, 2024, 04:31:48 PM
yes, I am very enthusiastic if spot SOL is approved by ETF, where the charge for my sol is better than ETH, hoping to get maximum profit from sol,
although not in the near future, SOL will definitely be approved by the SEC later,
Title: Re: Will Solana be next with a spot SOL ETF?
Post by: MrSpasybo on May 31, 2024, 05:54:47 PM
Quote from: MUGNIA on May 30, 2024, 04:31:48 PM
yes, I am very enthusiastic if spot SOL is approved by ETF, where the charge for my sol is better than ETH, hoping to get maximum profit from sol,
although not in the near future, SOL will definitely be approved by the SEC later,
I think we need more data to be able to expect SOL Spot ETF in this cycle:
+ SOL needs to be recognized as not a security, as ETH is not a security.
+ The demand for investment in SOL from traditional investors is really huge and needs to be met.
+ Large funds are starting to talk about SOL Spot ETF and their plans for this new financial product.

In the case that Trump becomes the next president and the US has a more open policy towards crypto, the possibility of SOL Spot ETF being approved will be a bit greater. We need to be more patient, for now I am only looking forward to the explosion of the Solana ecosystem thanks to restaking and SOL price can create a new ATH to trigger FOMO like in 2021.
Title: Re: Will Solana be next with a spot SOL ETF?
Post by: koang on May 31, 2024, 05:59:23 PM
Quote from: MUGNIA on May 30, 2024, 04:31:48 PM
yes, I am very enthusiastic if spot SOL is approved by ETF, where the charge for my sol is better than ETH, hoping to get maximum profit from sol,
although not in the near future, SOL will definitely be approved by the SEC later,

We know CNBC is already talking about a Solana ETF and Now, rumors about a SOL ETF are circulating but it's just a speculation
And Solana knows it is not ready. Meaning, it's all the buzz just for marketing.
So, it seems we're still early and I don't think they can perform or live up to it.

BTW, We have survived the crypto winter, now we are ready to be a summer survivor.
Sticking to what works for us is always a solid choice, stick to Bitcoin :)
Title: Re: Will Solana be next with a spot SOL ETF?
Post by: bitterguy28 on June 01, 2024, 07:27:10 AM
Quote from: TomPluz on May 24, 2024, 06:39:59 AM
(https://pbs.twimg.com/media/GOUXEyJaQAAVTvu?format=jpg&name=small)

Are you enthusiastic with this rumor?
Not just because we are having good treatment and run in SOlana network recently means this is the best contender to reach that Spot ETF as there are other coins to consider.
Quote from: MUGNIA on May 30, 2024, 04:31:48 PM
yes, I am very enthusiastic if spot SOL is approved by ETF, where the charge for my sol is better than ETH, hoping to get maximum profit from sol,
although not in the near future, SOL will definitely be approved by the SEC later,
actually many of us are rooting for this but if we are already in the market for long and have watched each project focusing in their chain and network?
Solana is not what I can thing of having this anytime soon.