Solana: Spot Ether ETF Approval Paves Way for SOL ETFs
Market News

Solana: Spot Ether ETF Approval Paves Way for SOL ETFs

Story Highlights

Solana ETFs could be next.

The approval of spot Ether (ETH-USD) ETFs in the U.S. has given the crypto market a major boost and could be a big step forward in crypto regulation. Analysts from brokerage firm Bernstein think Solana (SOL-USD) ETFs might be next. 

Regulatory Shake-Up

Bernstein analysts Gautam Chhugani and Mahika Sapra see the potential approval as a sign of a softer regulatory stance, possibly influenced by the upcoming November elections. They suggest that if Donald Trump is elected, “crypto could see significant legislative and agency support” with a new SEC leadership.

Approving a spot Ether ETF would be groundbreaking, marking the first time a non-Bitcoin blockchain asset is classified as a commodity. This could pave the way for similar treatment of Ethereum’s rivals, particularly Solana.

Market Buzz

CNBCFast Money” trader Brian Kelly predicts that a spot Solana ETF could follow, saying Bitcoin (BTC-USD), Ethereum, and Solana “are probably the big three for this cycle.” He added that Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN) now have “some clarity on what a security is and what a security isn’t,” suggesting these two firms are the largest beneficiaries from regulatory clarity.

Bernstein predicts a price surge for Ether similar to the 75% increase seen after the approval of spot Bitcoin ETFs. Earlier this week, ETH’s price surged over 20% as optimism about these funds grew.

The report highlights Ether’s attractive supply dynamics—with nearly 40% locked in staking and DeFi protocols, and a significant portion inactive for over a year. On-chain data shows the number of small ETH investors hit a new all-time high, while larger investors are lagging behind.

Is Solana a Buy?

According to TipRanks’ Summary of Technical Indicators, Solana is a Buy.

Don’t let crypto give you a run for your money. Track coin prices here.


Price Change
S&P 500
Dow Jones
Nasdaq 100

Popular Articles