The SEC made a new move with Solana spot ETFs.
Analysts believe that the passage could come in 2-4 months
SOL just pumps lightly. But more importantly, the opportunity for altcoin ETFs is opening up.
Read the thread below 👇
(0/4)
1. News source about Solana ETF
According to Blockworks, the SEC has requested organizations to resubmit S-1 filings, including details about the company and information related to investors.
This also means that the SEC is seriously considering the Solana ETF. This is the necessary first step if the SEC wants to approve it.
It is similar to the initial phase of the previous Bitcoin and Ethereum spot ETFs.
(1/4)
2. Predictions from Eric Balchunas (Bloomberg ETF analyst)
- A spot Solana ETF could be approved between July and October.
- There is a possibility of an ETF basket including: BTC, ETH, SOL, XRP.
- Institutions are trying to gain a "first-mover advantage" – whoever launches first will have a significant advantage.
(2/4)
3. Market Impact
- SOL rose 4% right after the rumors
- Shares of DeFi Development Corp and SOL Strategies increased by 17% and 8.4%, respectively. Both are organizations that hold $SOL
→ Investors are pricing in expectations, even though the scale of the altcoin ETF will be much smaller compared to BTC/ETH.
(3/4)
4. Summary
Spot ETFs are a significant step towards the legalization of crypto. The more ETFs that are approved, the greater the trust in the entire market from the community.
Although it's uncertain, the flow of money from ETFs (even if small) + macro narrative will be a strong catalyst for altseason 2025.
Do you think altcoin ETFs will be approved this year? Feel free to comment your thoughts below...
(4/4)
7
8.78K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.