Traditional asset management giant Morgan Stanley Dansai launches $SOL and $ETH ETP.
It’s worth noting that this time the product is a trust,
not the ETF that was applied for earlier.
The benefit is that it directly sidesteps potential controversies around the SEC’s possible determination of cryptocurrencies as securities,
and $SOL and ETH are launched at the same time,
which is enough to show that SOL, in mainstream finance, is a blue-chip on par with ETH.
In the next bull market, SOL breaking $1,000 is very likely,
because in bear markets it’s always “this isn’t possible” or “that isn’t possible,”
while in bull markets, anything can happen—otherwise there wouldn’t be so many people chasing after prices higher.
It’s worth noting that this time the product is a trust,
not the ETF that was applied for earlier.
The benefit is that it directly sidesteps potential controversies around the SEC’s possible determination of cryptocurrencies as securities,
and $SOL and ETH are launched at the same time,
which is enough to show that SOL, in mainstream finance, is a blue-chip on par with ETH.
In the next bull market, SOL breaking $1,000 is very likely,
because in bear markets it’s always “this isn’t possible” or “that isn’t possible,”
while in bull markets, anything can happen—otherwise there wouldn’t be so many people chasing after prices higher.