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. Solana ETF Sources
According to Blockworks, the SEC has asked institutions 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 a necessary first step if the SEC wants approval
It is similar to the early stages of Bitcoin and Ethereum spot ETFs before
(1/4)
2. Prediction by Eric Balchunas (Bloomberg ETF analyst)
- Solana spot ETF may be approved in July–October
- There is likely to be a basket of ETFs including: BTC, ETH, SOL, XRP
- Organizations are trying to gain a "first-mover advantage" – whoever comes first has a big advantage.
(2/4)
3. Market impact
- SOL up 4% right after rumours
- Shares of DeFi Development Corp and SOL Strategies rose 17% and 8.4%, respectively. These are both two organisations with a hold $SOL
→ Investors are pricing in expectations, although the size of altcoin ETFs will be much smaller than BTC/ETH.
(3/4)
4. Conclusion
Spot ETFs are a major legalisation step with crypto. The more ETFs are adopted, the greater the trust for the whole market from the community
Although uncertain, cash flows from ETFs (albeit small) + macro narrative will be a strong catalyst for the 2025 altseason
Do you think altcoin ETFs will be approved this year? Comment and try your opinion below...
(4/4)
7
8.84K
The content on this page is provided by third parties. Unless otherwise stated, OKX 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. 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 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.