As the US traditional media starts to talk more about cryptocurrencies, the next debate is which cryptocurrency will get the next ETF approval.
“They are the big three of this bull…”
Analyst Brian Kelly, who participated in CNBC’s broadcast, claimed that ETH ETFs will be approved, if not this week, then the next ETF will come in Solana:
“Ether ETFs will be approved either this week or the week after. Even if there is no approval from the SEC, it will eventually be accepted. The question is which will be the next cryptocurrency… I think it will be Solana. Bitcoin, Ethereum and Solana have been the big three of this bull season.”
James Seyffart: Bills like FIT21 could make it happen quicker
Commenting on these analyzes on his X account, Bloomberg’s ETF analyst James Seyffart stated that futures ETFs may be approved first and then spot ETFs may come:
“Based on current precedent/needs — Will happen within a few years of getting a CFTC regulated futures market. But Congress & Market structure bills like FIT21 could make it happen quicker. I think a SOL ETF would see most demand vs other digital assets (aside from BTC & ETH). But SEC isn’t dancing around SOL’s status like they have ETH. Those lawsuits against Coinbase and Kraken and others flat out say ‘Solana is a security’. Which could very easily make this a very rocky road,”
As it is known, the FIT21 law passed yesterday in the House of Representatives gives more control over cryptocurrencies to the CFTC. The White House also stated yesterday that it has no intention of vetoing this bill.