{"id":168194,"date":"2024-06-28T12:05:02","date_gmt":"2024-06-28T12:05:02","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=168194"},"modified":"2024-06-28T12:05:04","modified_gmt":"2024-06-28T12:05:04","slug":"crypto-etf-speculations-heat-up-solana-leads-ada-and-xrp-lag-behind","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/crypto-etf-speculations-heat-up-solana-leads-ada-and-xrp-lag-behind\/","title":{"rendered":"Crypto ETF Speculations Heat Up: Solana Leads, ADA and XRP Lag Behind"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Speculation on Solana ETFs<\/span><\/strong><span data-preserver-spaces=\"true\">: The crypto community is abuzz with the possibility of Solana ETFs being approved in the US. GSR Markets suggests that Solana\u2019s price could skyrocket if it captures a fraction of the flows from Bitcoin ETFs.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Factors for ETF Approval<\/span><\/strong><span data-preserver-spaces=\"true\">: The SEC\u2019s stance and potential changes in US leadership could influence the approval of a Solana ETF. The classification of SOL as a security complicates matters, but filings in the US and Canada show growing interest.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Comparison with ADA and XRP<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: While Cardano and Ripple\u2019s XRP may not see ETF approval soon, Solana\u2019s decentralization and market demand position it favorably. The crypto ETF landscape is evolving, and Solana\u2019s potential approval is a pivotal development to watch.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The potential approval of spot <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/solana\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Solana <\/span><\/a><span data-preserver-spaces=\"true\">exchange-traded funds (ETFs) in the United States has sparked intense speculation<\/span><\/strong><span data-preserver-spaces=\"true\"> within the crypto community. <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.gsr.io\/reports\/is-solana-eft-next\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">According <\/span><\/a><span data-preserver-spaces=\"true\">to GSR Markets, a prominent crypto market maker, this development could significantly impact Solana\u2019s price trajectory.<\/span><!--more--><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">GSR Markets recently identified Solana as one of \u201ccrypto\u2019s big three\u201d<\/span><\/strong><span data-preserver-spaces=\"true\"> and explored the likelihood of Solana becoming the next spot cryptocurrency ETF to receive regulatory approval in the US. <\/span><strong><span data-preserver-spaces=\"true\">The report coincided with VanEck\u2019s surprising filing for a spot Solana ETF.<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">GSR\u2019s optimistic scenario suggests that <\/span><\/strong><span data-preserver-spaces=\"true\">if spot Solana ETFs capture 14% of the flows witnessed by spot Bitcoin ETFs since their launch in January,<\/span><strong><span data-preserver-spaces=\"true\"> Solana\u2019s price could surge by a remarkable 8.9x. <\/span><\/strong><span data-preserver-spaces=\"true\">This would propel Solana\u2019s current <\/span><strong><span data-preserver-spaces=\"true\">price of $149 to over $1,320,<\/span><\/strong><span data-preserver-spaces=\"true\"> resulting in a market capitalization of $614 billion based on the current supply.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">However, <\/span><strong><span data-preserver-spaces=\"true\">GSR also presented more conservative scenarios.<\/span><\/strong><span data-preserver-spaces=\"true\"> In the \u201cbear\u201d and \u201cbaseline\u201d scenarios, where spot Solana ETFs capture 2% and 5% of Bitcoin\u2019s flows, <\/span><strong><span data-preserver-spaces=\"true\">Solana\u2019s price would still increase by 1.4x and 3.4x,<\/span><\/strong><span data-preserver-spaces=\"true\"> respectively.<\/span><\/p>\n<h2 style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Factors Influencing Solana&#8217;s ETF Approval<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Despite GSR\u2019s optimism, <\/span><strong><span data-preserver-spaces=\"true\">Bloomberg ETF analyst Eric Balchunas remains cautious. <\/span><\/strong><span data-preserver-spaces=\"true\">He believes that a change in the US presidency and the chairmanship of the Securities Exchange Commission (SEC) would be necessary for serious consideration of a spot Solana ETF.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The knee jerk reaction here is &#39;oh this will never be approved bc there aren&#39;t Solana futures&#39;   agree but.. if change at POTUS i think anything poss. Just imagine Hester Peirce (or someone like that) running the SEC..<\/p>\n<p>&mdash; Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1806319656694628659?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The SEC\u2019s classification of the SOL token as a security<\/span><\/strong><span data-preserver-spaces=\"true\"> in lawsuits against Binance and Coinbase <\/span><strong><span data-preserver-spaces=\"true\">adds complexity to the approval process.<\/span><\/strong><span data-preserver-spaces=\"true\"> VanEck\u2019s recent application for a spot Solana ETF follows cryptocurrency asset manager 3iQ\u2019s filing for the same in Canada, marking a significant milestone in North America.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-168195\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/SolanaCardanoXRP.jpg\" alt=\"Crypto ETF Speculations Heat Up: Solana Leads, ADA and XRP Lag Behind\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/SolanaCardanoXRP.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/SolanaCardanoXRP-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/SolanaCardanoXRP-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Solana vs. ADA and XRP<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">GSR\u2019s forecast extends beyond Solana. <\/span><\/strong><span data-preserver-spaces=\"true\">While <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/knowing-cardano-protocol\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Cardano <\/span><\/a><span data-preserver-spaces=\"true\">(ADA) and Ripple\u2019s XRP are unlikely to receive ETF approval soon, Solana stands out. <\/span><strong><span data-preserver-spaces=\"true\">Its decentralization and growing market demand make it a strong candidate.<\/span><\/strong><span data-preserver-spaces=\"true\"> The recent filing of VanEck\u2019s Solana spot ETF underscores the increasing institutional interest in Solana.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In summary, crypto ETFs remain a hot topic, and Solana\u2019s potential breakthrough could reshape the landscape. As the SEC\u2019s decisions unfold, investors eagerly await the next chapter in the crypto ETF saga.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Remember, the approval of other crypto ETFs, including Solana, hinges on regulatory changes. A regulated market is essential to monitor these assets for fraud and manipulation, ensuring investor confidence and market stability.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Speculation on Solana ETFs: The crypto community is abuzz with the possibility of Solana ETFs being approved in the US. GSR Markets suggests that Solana\u2019s price could skyrocket if it captures a fraction of the flows from Bitcoin ETFs. Factors for ETF Approval: The SEC\u2019s stance and potential changes in US leadership could influence &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Crypto ETF Speculations Heat Up: Solana Leads, ADA and XRP Lag Behind\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/crypto-etf-speculations-heat-up-solana-leads-ada-and-xrp-lag-behind\/#more-168194\" aria-label=\"More on Crypto ETF Speculations Heat Up: Solana Leads, ADA and XRP Lag Behind\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":168196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[114,74],"tags":[4632,4924,5348,4986,4918],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168194"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=168194"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168194\/revisions"}],"predecessor-version":[{"id":168199,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168194\/revisions\/168199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/168196"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=168194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=168194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=168194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}