The U.S. Securities and Exchange Commission (SEC) has greenlit 19b-4 forms for eight spot Ethereum ETFs from leading companies like BlackRock and Fidelity. However, approval of other spot crypto ETFs may be a more challenging journey.
Anthony Scaramucci, former White House Communications Director and managing partner of alternative investment firm SkyBridge, is next in line solana He expressed optimism that he has an ETF. Following the approval of spot Ethereum ETFs, Scaramucci confidently said, “A SOL ETF is coming, get ready.”
Brian Kelly, a host on CNBC, is the fifth-largest market cap cryptocurrency He speculated about the chances of an ETF for Solana. “Bitcoin, Ethereum and Solana are probably the big three for this cycle,” he said, suggesting that Solana could be the next big event.
Kelly’s comments echoed those of Joe McCann, a Solana investor and founder, CEO and CIO of crypto fund Asymmetric. McCann believes that if another ETF is approved, it will be Solana. However, he also acknowledged potential problems for Solana and other cryptocurrencies, noting that the Coinbase case used language that could affect future approvals.
Given its similarities to the launch of Bitcoin and its status as “definitely not a security,” McCann said Dogecoin highlighted as another potential competitor for an ETF. Litecoin also attracted attention for similar reasons.
However, from a regulatory perspective, while Dogecoin and Litecoin may be more suitable options, the financial obligation required to launch a Litecoin ETF may be a deterrent for issuers.
*This is not investment advice.
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