Recent developments with Ethereum ETFs It led to discussions about which crypto token could have its own ETF next. Solana (SOL) and XRP ETFs has taken center stage, with experts debating which one will come first.
Experts say the Solana ETF is next
Brian Kelly, founder of digital asset investment firm BKCM, Mentioned During an interview on CNBC, Solana could potentially be the next cryptocurrency icon to get its own ETF. Bitcoin, Ethereum and Solana are the “big three” in this regard, he explained turnWhich makes it likely that Solana will be next since the two most important cryptocurrency tokens already have their own funds.
Bloomberg analyst James Seyphart He also seemed to agree with Kelly, It is useful He believes that the SOL ETF is seeing greater demand than other digital assets besides Bitcoin and Ethereum. However, he claimed that the SOL ETF would be launched within a few years of getting on the CFTC-regulated futures market.
Congress and laws structure the market like financial innovation and technology for the 21st century, Seyphart added (FIT21) Invoice It will accelerate the launch of the SOL ETF. Congressional intervention is necessary, considering that the committee has explicitly described Solana as a security… Coinbase lawsuit And the Kraken.
This security mark could make potential approval of the SOL ETF “a very difficult road,” Seyphart noted. This issue could be a stumbling block for many other cryptocurrency tokens ever since Bitcoin and Ethereum They appear to be the only tokens that the SEC does not consider securities.
That seems to be why Cathie Wood, CEO of Ark Invest, once predicted that there might be something going on Bitcoin and Ethereum ETFs in the United States. She added that it would be surprising to see “anything but bitcoin and ether approved by the SEC.”
The possibility of an XRP ETF
Market experts also discussed the possibility of XRP launching soon. Head of Product at CoinShares, Townsend Lansing, which were previously mentioned That the SEC must agree that XRP is not a security before launching an XRP ETF. Scott Johnson, general partner of Van Buren Capital, noted that the likelihood of the commission approving this fund is “extremely slim.”
Seyffart also discussed the possibility of launching an XRP ETF soon. Like what he said about the SOL ETF, it is Mentioned XRP futures must be traded on a regulated exchange such as the Chicago Mercantile Exchange (CME). At the same time, he believes that SEC case against Ripple It's another reason why the XRP ETF might not happen this year.
The SEC case against Ripple appears to be another reason why the SOL ETF could launch before the XRP ETF. but, Ripple CEO Brad Garlinghouse Confident that XRP will be among the crypto assets that will have its own ETF when the SEC is ready to approve other crypto funds, Pointing XRP and Bitcoin are the only two crypto tokens Regulatory clarity.
Featured image from Yoyodex, chart from Tradingview.com
