Bloomberg Analyst: SOL's Path to ETF May Be Very Rocky Despite Potential High Demand

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PANews2024/05/23 02:50

By:PANews

PANews reported on May 23 that Bloomberg ETF analyst James Seyffart stated on the X platform that, aside from BTC and ETH, the demand for a SOL ETF might be greater than for other digital assets. However, the issue lies in the SEC's attitude towards SOL, which is completely different from its stance on ETH. In previous lawsuits against Coinbase, Kraken, and other companies, the SEC has explicitly stated that "Solana (SOL) is a security," which could make the path for a SOL ETF very challenging.

Additionally, BKCM CEO Brian Kelly mentioned on CNBC that Solana might be the next cryptocurrency ETF.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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