Solana ETF and its impact

[Metha Wulandarin]

According to the latest news I read, there were two applications to launch the 'Solana' ETF in the US by VanEck and 21Shares just a few days ago.

VanEck is the first company in the United States to apply to launch a Solana ETF and is one of the first ETF issuers in the United States.

Solana's price is likely to rise if approval is obtained, but I do not think it will rise much. Basically, the Solana network has suffered failure in the past, and I do not know whether it will obtain approval or not, but despite all that, this is good news for Solana.

I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.

[yhiaali3]

I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.

Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.

If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.

[MrSpasybo]

Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.

If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.

If the SOL Spot ETF is approved, we will see an explosion in trading volume on the Solana network and bring Solana to unsustainable edge conditions and possible outages. I hope the Solana Devteam is ready for this case and does not disappoint the community.

I am not surprised by the proposal of the SOL Spot ETF right after the ETH Spot ETF because it has been mentioned for a long time, perhaps right after the BTC Spot ETF was traded and brought positive impacts to the entire crypto market. As a SOL and Solana supporter, I hope that this product will be approved soon and drive the SOL price to a new ATH in the next year.

[NikeFit_7777]

The chances of Solana-ETF approval in the next 12 months are closely tied to the prospect of a change in the U.S. president, Bloomberg analyst Eric Balchunas said. It's safe to say that the odds of both have gotten higher than they were yesterday.

On the eve of the debate between Biden and Trump, Balchunas said that it is not worth counting on the registration of SOL-ETFs without futures funds. However, the situation could be changed by a cryptocurrency-friendly SEC chairman, such as "cryptomama" Hester Pearce or someone similar.

Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, clarified that first of all the SEC should clarify the status of Solana. Earlier, the SEC called the asset a security in its lawsuits against Binance and Coinbase.

[bitterguy28]

What do you think, is this interesting enough to discuss?

not until this happens , I will not expeculate much because like what happened in bitcoin that took how many years after announcements like this ?
if covers more than 3 years because it finally happens . so lets not look into the same  reason how to fail in SolanaETF.

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Solana performance this past weeks is just the same as majority of coins so what should this news brings us?

SOL is being pumped recently so be ready to the sideways guys.
https://coinmarketcap.com/currencies/solana/

[Metha Wulandarin]

I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.

Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.

If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.

I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.

[TomPluz]

I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.

Right now, the talks on Solana ETFs seems to be dying down most especially with the current performance of Ethereum ETFs. I am sure the market is not yet ready for the third ETF to be approved and SEC is not anymore excited with this proposal after it approved ETFs for both Bitcoin and Ethereum. Now, of course, those pushing for this will not stop until it is coming true and they are just resting for now recognizing that the timing is not right. Maybe they can resurrect this proposal in 2025 most especially if there will be a new administration in the White House.

[TokenTactician24]

I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.

Right now, the talks on Solana ETFs seems to be dying down most especially with the current performance of Ethereum ETFs. I am sure the market is not yet ready for the third ETF to be approved and SEC is not anymore excited with this proposal after it approved ETFs for both Bitcoin and Ethereum. Now, of course, those pushing for this will not stop until it is coming true and they are just resting for now recognizing that the timing is not right. Maybe they can resurrect this proposal in 2025 most especially if there will be a new administration in the White House.

The discussion around Solana's ETF prospects is interesting. While the current sentiment may not favor Solana due to the dominance of Ethereum ETFs, it’s worth noting that the landscape can change quickly, especially with potential shifts in administration and market dynamics. The delay might actually work in Solana’s favor, giving it time to strengthen its position and offer a compelling case when the market is more receptive. So, let’s stay optimistic—2025 could be the year Solana surprises us all! 🌞

[pieppiep]

I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.

Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.

If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.

I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.

It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort. I really hope that Solana developers are serious about this ETF so that Solana will be better known and of interest to many people.

[vegasus]

It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort. I really hope that Solana developers are serious about this ETF so that Solana will be better known and of interest to many people.

Actually, for a new network and coin, Solana's development and progress have been very good. They have made significant progress, because of that, they were able to advance to the top 5 quite quickly. And their market cap has also increased significantly, competing with BNB.

Solana is not just a coin and a network. But there are also several superior features and projects that make Solana develop quite rapidly. For their own network, Solana offers cheap fees and a very fast transaction process. For price movements, this is one of the coins whose price movements are also very fast. Then, there are several other programs from Solana.

For updates on its development, we can check on its website:
https://solana.com/news/network-performance-report-march-2024

[yhiaali3]

It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort.

Yes, this is true, but at the same time, Ethereum getting approved was good and a prelude to facilitating other similar coins getting ETF approval. I expect that if Ethereum hadn't gotten this approval, it would have been very difficult for Solana or others to get approved, even if they had great potential.

So I expect that it might not take as long as Ethereum's ETF approval.

[TomPluz]

Yes, this is true, but at the same time, Ethereum getting approved was good and a prelude to facilitating other similar coins getting ETF approval. I expect that if Ethereum hadn't gotten this approval, it would have been very difficult for Solana or others to get approved, even if they had great potential. So I expect that it might not take as long as Ethereum's ETF approval.

In my view, it is going to be the opposite. While the approval of both BTC and ETH ETFs in the market is opening the possibility of one to be approved for SOL, there is now a slowing down for this talk so I would say that there is going to be a time element here. We have to wait maybe in 2025 before SEC will consider applications for SOL ETFs, maybe after the smoke will settle in the coming election in January 20 when a new president will be taking office.

[Jating]

It's been reported that SOL ETF has been approved in Brazil,

After Bitcoin (BTC) and Ethereum (ETH), Solana (SOL) based exchange-traded funds (ETF) are under the limelight. SOL-based ETFs were just approved by Brazil’s Securities and Exchange Commission (CVM).

https://watcher.guru/news/solana-etf-gets-green-signal-from-brazil-regulator

Brazil though might not as big as the US, but seeing that some government has approved it's ETF, maybe there will be other government outside of the US that might follow what Brazil did.

It doesn't matter if it is from Central America or Asia, the most important thing is that it is being recognized already, like Bitcoin and Ethereum.

[Manna]

Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.
What do you think, is this interesting enough to discuss?

Alot of degens enjoy Solana because it's now a place where people make money from meme, this is now a perfect way for them to make money and seeing ETF news is one way for them to milk each other liquidity.

The ETF itself I think will bring a lot of confidence to solana investors because the previous incident of FTX is drawing back some people intention to hold sol for long term but the way ETF approval is coming, it will increase more demand not just from investors but from other people that want to have Solana ETF for stock investors, it's going to erase the bad things that Solana has face over the years as a result of FTX saga.

If this really happens, there is a possibility that the price of Solana can catch up with the price of BNB. Demand from investors continues to rise and, in addition, demand from people who want to own $SOL, supply on the market continues to decrease. Meanwhile, this increasing demand will trigger the price of $SOL to increase, after which developers from Solana  must find a way to maintain the community's trust in Solana.

Your analysis is very accurate.  If the price of Solana and other cryptocurrencies rises significantly, especially when investor demand is increasing, it could cause a supply crunch in the market.  Such situations often lead to price increases. Also, an important aspect for Solana and other projects is maintaining the trust of their communities.  Community trust and support is crucial, as it plays a key role in the long-term stability and growth of the project.

[Gurujebs]

Your analysis is very accurate.  If the price of Solana and other cryptocurrencies rises significantly, especially when investor demand is increasing, it could cause a supply crunch in the market.  Such situations often lead to price increases. Also, an important aspect for Solana and other projects is maintaining the trust of their communities.  Community trust and support is crucial, as it plays a key role in the long-term stability and growth of the project.

I don't get carried away by the supply of coins, meme coins has proved that supply isn't a big deal when it comes to price impact. You will see billions of coins are been circulated around meme and such coins grow rapidly than coins that has few millions of supply. I think that whales are going to do what they want if they want to irrespective of what the price is saying.

I'm not sure about solana trust issues, half of all the projects in Solana network are meme coins, they don't any significant any meaning to their creations which is why they get rugged everyday and the community is not doing anything about them.