Odds for approving a Solana spot ETF? - page 2.

tsaroz

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Quote from: oktana on March 03, 2024, 06:20:06 AM

Quote from: Kelward on March 02, 2024, 10:24:59 AM

Quote from: oktana on March 02, 2024, 09:45:46 AM

I don’t think it would be but even if it would, I can’t say it will be happening any soon because Bitcoin which has been doing great as the head of them all was approved not too long ago. I think Bitcoin and Ethereum ETFs will go on for a while before anything else. But then, if there wanted to go on right now, don’t you think that the next spot after Ethereum would be a battle between BNB and Solana? In as much as I like Solana, BNB is a big name too.

Bitcoin ETF has paved the way for other ETFs to become realities, so there's no need for them to go through all the scrutinies that Bitcoin went through before it's approval, I'm quite optimistic that Ethereum, ETF will be approved in May, or not too long after that. When Ethereum, happens, I believe that the process will become less demanding for the other top altcoins to be approved, SEC can decide to space a time frame for ETF approvals.

Like you I also think that it can become a Battle between Solana and BNB, although I see BNB having an edge, but that is not taking anything away from Solana, both are good to go.

Trust me, there is big need to scrutinize all of them. Just because Bitcoin is a great cryptocurrency doesn’t mean that every other cryptocurrency is good too. Of course I am not necessarily talking about BNB nor Solana but these people need to do their job to be sure they are approving something that they find valuable for the public. If they want to follow the trust of Bitcoin, they could have just approved top 20 cryptocurrencies ETFs but that can’t be the case.

When the SEC and people accept crypto as ETF, it's not difficult to include every popular crypto as ETF. Solana do have some controversies but that haven't stopped people from investing on it and using the network. The ETF on the other hand are just for investment, the people investing in ETF don't care much about the technology but the potential price boost for the ETF. If the SEC makes necessary arrangements for ETH to be listed as ETF, it would be an easy way ahead for Solana. ETFs are approached by the investment firms and SEC either gives them approval or ask for clarification. Investment firms would surely be forwarding a Solana ETF sooner.

johnsaributua

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The opportunity may be the same when solana reaches above $1000 or it could be an in-between price at the moment, so far the adoption is still growing well, and traders do not see the price of solana, which means that big or small investors are still crowded, although there may be some categories of people who buy solana for fun.

Solana is different from other chains, and the attention to solana for me is not affected even though in the bearish moment, I still buy solana for needs. But before solana there will be an etf of course BNB has a chance too because between them they have a unique community and hystory.

ETF is an innovation but I don't think everyone will stay there, I'm not too enthusiastic about etf and I prefer conventional ethereum. But who knows I'll feel at home one day if etf is evenly distributed and there are many choices.

oktana

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Quote from: Kelward on March 02, 2024, 10:24:59 AM

Quote from: oktana on March 02, 2024, 09:45:46 AM

I don’t think it would be but even if it would, I can’t say it will be happening any soon because Bitcoin which has been doing great as the head of them all was approved not too long ago. I think Bitcoin and Ethereum ETFs will go on for a while before anything else. But then, if there wanted to go on right now, don’t you think that the next spot after Ethereum would be a battle between BNB and Solana? In as much as I like Solana, BNB is a big name too.

Bitcoin ETF has paved the way for other ETFs to become realities, so there's no need for them to go through all the scrutinies that Bitcoin went through before it's approval, I'm quite optimistic that Ethereum, ETF will be approved in May, or not too long after that. When Ethereum, happens, I believe that the process will become less demanding for the other top altcoins to be approved, SEC can decide to space a time frame for ETF approvals.

Like you I also think that it can become a Battle between Solana and BNB, although I see BNB having an edge, but that is not taking anything away from Solana, both are good to go.

Trust me, there is big need to scrutinize all of them. Just because Bitcoin is a great cryptocurrency doesn’t mean that every other cryptocurrency is good too. Of course I am not necessarily talking about BNB nor Solana but these people need to do their job to be sure they are approving something that they find valuable for the public. If they want to follow the trust of Bitcoin, they could have just approved top 20 cryptocurrencies ETFs but that can’t be the case.

Bureau

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It is too early to think about a spot ETF application and approval for Solana. We need to fist wait for Ethereum and Litecoin as the application for spot ETFs for both blockchains are still pending with the SEC. If these two gets the approval then we can anticipate an application for Solana. I don't think it is the right time to speculate about an ETF for Solana blockchain.

Adreman23

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In my opinion, it seems that continuous approval for spot ETF by the SEC will likely include the top 10 or top 5 cryptocurrencies. However, before that happens, the second largest cryptocurrency, ethereum, needs to be approved first before other altcoins, because no other crypto can be approved after the bitcoin spot ETF as they might overshadow ethereum. Regarding solana spot ETF, this could potentially be approved by the SEC because it's a good project with a large community supporting it. However, it will take time, as even bitcoin took a long time to be approved, and the same might apply to other top altcoins.

Sophokles

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Quote from: Kelward on March 02, 2024, 10:24:59 AM

Quote from: oktana on March 02, 2024, 09:45:46 AM

I don’t think it would be but even if it would, I can’t say it will be happening any soon because Bitcoin which has been doing great as the head of them all was approved not too long ago. I think Bitcoin and Ethereum ETFs will go on for a while before anything else. But then, if there wanted to go on right now, don’t you think that the next spot after Ethereum would be a battle between BNB and Solana? In as much as I like Solana, BNB is a big name too.

Bitcoin ETF has paved the way for other ETFs to become realities, so there's no need for them to go through all the scrutinies that Bitcoin went through before it's approval, I'm quite optimistic that Ethereum, ETF will be approved in May, or not too long after that. When Ethereum, happens, I believe that the process will become less demanding for the other top altcoins to be approved, SEC can decide to space a time frame for ETF approvals.

Like you I also think that it can become a Battle between Solana and BNB, although I see BNB having an edge, but that is not taking anything away from Solana, both are good to go.

I don't think the sec is going to approve other altcoin etf only because they are in the top of the ranking. SEC already declared some of the major altcoin as securities and i don't think there will be any etf approval after eth till we have a clear defination what is security and comodity in crypto. If there is some other etf approval those won't be as significant as btc and eth.

TastyChillySauce00

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Quote from: Abiky on March 01, 2024, 05:18:56 PM

If Ethereum gets its own spot ETFs approved by the SEC, do you think the same will happen with Solana in the future? I mean, Solana is the most popular smart contract Blockchain after Ethereum. It rose exponentially in price over the past few months. If spot ETFs are approved, market prices will soar all the way to "Mars".

Forgot it caused by it will not happen. There is a better coin to be listed as ETF instead of solana. Imagine this happens when solana listed as ETF then the outage on its blockchain happened for days or even weeks. What's happening to the all of people. We are still far away from ETH ETF, it's only imagination to think about solana ETF.
The club needs to fix the outage problem which is always threating the users in the solana blockchain. The outage has become the long term problem that was rarely being solved by solana blockchain. I think that this shall be concerned first before we think about solana ETF.

Quote from: Abiky on March 01, 2024, 05:18:56 PM

What do you think? Will a Solana spot ETF become a reality? If not, why? What are the odds for approval? Your input would be greatly appreciated. Thank you.

It will not become a reality. The stability from the blockchain probably one of consideration to add it as ETF, solana blockchain is not yet stable and it can also go offline anytime. It will be very embarrassing to be listed as ETF if solana blockchain can still down anytime.

Kelward

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Quote from: oktana on March 02, 2024, 09:45:46 AM

I don’t think it would be but even if it would, I can’t say it will be happening any soon because Bitcoin which has been doing great as the head of them all was approved not too long ago. I think Bitcoin and Ethereum ETFs will go on for a while before anything else. But then, if there wanted to go on right now, don’t you think that the next spot after Ethereum would be a battle between BNB and Solana? In as much as I like Solana, BNB is a big name too.

Bitcoin ETF has paved the way for other ETFs to become realities, so there's no need for them to go through all the scrutinies that Bitcoin went through before it's approval, I'm quite optimistic that Ethereum, ETF will be approved in May, or not too long after that. When Ethereum, happens, I believe that the process will become less demanding for the other top altcoins to be approved, SEC can decide to space a time frame for ETF approvals.

Like you I also think that it can become a Battle between Solana and BNB, although I see BNB having an edge, but that is not taking anything away from Solana, both are good to go.

Sophokles

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Quote from: Abiky on March 01, 2024, 05:18:56 PM

If Ethereum gets its own spot ETFs approved by the SEC, do you think the same will happen with Solana in the future? I mean, Solana is the most popular smart contract Blockchain after Ethereum. It rose exponentially in price over the past few months. If spot ETFs are approved, market prices will soar all the way to "Mars".

What do you think? Will a Solana spot ETF become a reality? If not, why? What are the odds for approval? Your input would be greatly appreciated. Thank you.

Price of solana and its ecosystem growth Does not match at all. Even some of the new layer 2 has more dapps than solana. Solana price is manioulated by the team but i think its a positive side of solana as they are backed by big player who has enough funds to manipulate a coin like solana. If solana got its ETF approved then XRP, MATIC ETF will also be possible.

oktana

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I don’t think it would be but even if it would, I can’t say it will be happening any soon because Bitcoin which has been doing great as the head of them all was approved not too long ago. I think Bitcoin and Ethereum ETFs will go on for a while before anything else. But then, if there wanted to go on right now, don’t you think that the next spot after Ethereum would be a battle between BNB and Solana? In as much as I like Solana, BNB is a big name too.

God bless u

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I think it'll get approved but will take some time. Sol is the project that is the most similar to ETH than any other coin in the market.They both are used for NFT, Gaming and other staking purposes, this makes a much wider use case of both projects. So if the ETH for approved then I hope that Sol must also get approved likewise in the next stage.

Now what's the difference then? The difference is that SOL has a shorter ecosystem than ETH. Sol is not that much established in the market as ETH is so this can make a little bit of difference.ETH is more accepted in Defi space. I hope this will clear the picture a little bit but ETF is not one day approval system and SEC will check coin from every aspect.

goaldigger

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BTC ETF was approved by SEC and now with ETH, so I think there's a big chance for SOL to have the opportunity as well to be approve.

Let's just see and wait what will happen, this may take time but the hype of the bull market will surely help SOL to reach its new peak.

We have to be more cautious as well, don't FOMO and just watch the price trend to know when you can buy, I'm bullish with SOL this bull market.

btc78

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It took quite a long time for sec to approve etf for bitcoin but just soon right away, we got news of etf ethereum. Do I think there is a chance that solana will also have etf? Yes, I think so. But do I think it will be soon? No. I don’t think so. I think it will be quite long. Bitcoin and Ethereum are obvious answers. They are the top most consistent performing coins out of all cryptocurrencies so it must be hard to determine which one comes after that.

husencoe

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I believe Solana will also have the same opportunities after Ethereum. Of course because Solana is next in line, especially since Solana is very popular right now with it innovations and price movements. I think Solana is just waiting for a moment after the Ethereum ETF happens. But I still doubt whether Solana will be overtaken by BNB or not? Because BNB also has a big opportunity to become an ETF like Ethereum. I really can't wait for this moment to happen and see who advances to become an ETF first, between Solana and BNB.

Abiky

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If Ethereum gets its own spot ETFs approved by the SEC, do you think the same will happen with Solana in the future? I mean, Solana is the most popular smart contract Blockchain after Ethereum. It rose exponentially in price over the past few months. If spot ETFs are approved, market prices will soar all the way to "Mars".

What do you think? Will a Solana spot ETF become a reality? If not, why? What are the odds for approval? Your input would be greatly appreciated. Thank you.

Topic: Odds for approving a Solana spot ETF? - page 2. (Read 249 times)