Analyst: The demand for SOL ETF could be substantial, but the SEC's tough stance could be a major obstacle
News on May 23, Bloomberg ETF analyst James Seyffart posted on X saying that apart from BTC and ETH, the demand for SOL ETF may be greater than other digital assets. However, the problem lies in SEC's attitude towards SOL being completely different from its treatment of ETH. In previous lawsuits against Coinbase, Kraken and other companies, SEC has bluntly stated "Solana (SOL) is a security", which could make the path to SOL's ETF very rocky.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP rally to $3 holds, overtaking Bitcoin searches on Google Trends
XRP spot traders provided the volumes needed to send the altcoin above $3. Is a new all-time high the next stop?
Dogecoin (DOGE) Approaches Key Resistance of Bullish Pennant: Is a Breakout Looming?
Osprey Funds to Convert Osprey Bitcoin Trust to ETF Following Bitwise Acquisition Deal Termination
The decision follows the termination of a deal for Bitwise Asset Management to acquire OBTC's assets.
Trending news
MoreCrypto prices
More
