CNBC 'Fast Money' investor Brian Kelly suggested that Solana (SOL) could be the next cryptocurrency to receive a spot exchange-traded fund (ETF) in the US. However, industry observers disagree with Kelly's prediction. Nate Geraci, president of ETF Store, believes that a spot Solana ETF will not exist until a Solana futures product is listed on the Chicago Mercantile Exchange or Congress enacts a legitimate cryptocurrency regulatory framework.
Bloomberg ETF analyst James Seyffart thinks a spot Solana ETF would be in more demand than every digital asset except Bitcoin and Ether. However, Seyffart also noted that Gary Gensler and the SEC have pointed to Solana as a security in previous Coinbase and Kraken cases, which could complicate things for potential future applicants.
Cinneamhain Ventures partner Adam Cochran believes Litecoin (LTC) or Dogecoin (DOGE) will be the coin to be included in the next spot ETF. However, trillion-dollar asset management firms such as Franklin Templeton have recently praised Solana, prompting speculation about whether it would consider filing for a spot Solana ETF. Which cryptocurrency do you think will be included in the next spot ETF? We are waiting your comments.#blockchain#cryptocurrency #ETF