Solana vs. Litecoin and Dogecoin: The Next Crypto ETF Debate

CoinMarketCap05-23

The post Solana vs. Litecoin and Dogecoin: The Next Crypto ETF Debate appeared first on Coinpedia Fintech News BKCM CEO Brian Kelly recently predicted CNBC’s “Fast Money” that Solana (SOL) could be ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSolana vs. Litecoin and Dogecoin: The Next Crypto ETF Debate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-23 16:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/664f0113a132e15597ed0c15/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The post Solana vs. Litecoin and Dogecoin: The Next Crypto ETF Debate appeared first on Coinpedia Fintech News\nBKCM CEO Brian Kelly recently predicted CNBC’s “Fast Money” that Solana (SOL) could be ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/664f0113a132e15597ed0c15/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOL","symbol_name":"EMEREN GROUP","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/664f0113a132e15597ed0c15/","article_id":"2437829557","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/a5abb06754e2424a95afea9e62537852.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437829557","pubTimestamp":1716453649,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"The post Solana vs. Litecoin and Dogecoin: The Next Crypto ETF Debate appeared first on Coinpedia Fintech News BKCM CEO Brian Kelly recently predicted CNBC’s “Fast Money” that Solana (SOL) co","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOL":"EMEREN GROUP","LTC":"LTC房产","BK4203":"医疗保健房地产投资信托","BK4588":"碎股","BK4550":"红杉资本持仓","BTC":"ClearShares Piton Intermediate Fixed Income ETF","BK4129":"建筑与工程","BK4519":"光伏太阳能","BK4225":"医疗保健房地产信托","FDN":"First Trust Dow Jones Internet I","BK4585":"ETF&股票定投概念"},"translate_title":"索拉纳与莱特币和Dogecoin：下一次加密ETF辩论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"FDN":1,"LTC":1,"SOL":1},"content_text":"The post Solana vs. Litecoin and Dogecoin: The Next Crypto ETF Debate appeared first on Coinpedia Fintech News\nBKCM CEO Brian Kelly recently predicted CNBC’s “Fast Money” that Solana (SOL) could be the next cryptocurrency with a spot exchange-traded fund (ETF) in the United States. Kelly’s prediction came against growing interest in cryptocurrencies and anticipation of the SEC’s decision regarding proposed spot Ether ETFs.\nBrian Kelly’s Key Points \nKelly said that Solana is ranking alongside Bitcoin (BTC) and Ethereum (ETH) as one of the leading cryptocurrencies for this market cycle, but his bold prediction immediately faced some pushback from industry experts, citing several significant regulatory and market challenges.\nFirst and foremost, the SEC has classified Solana as a security—a fact invoked in lawsuits against major exchanges like Coinbase and Kraken. As such, it complicates its pathway to approval. Unlike BTC and ETH, neither of which currently has a spot ETF but do have futures ETFs, Solana does not have this crucial market infrastructure. \nETF analyst James Seyffart of Bloomberg Intelligence added that the crypto requires a Solana futures product listed on the Chicago Mercantile Exchange or a robust cryptocurrency regulatory framework by Congress before any spot ETF.\nCurrent Status and Future Prospects\nCurrently, Bitcoin and Ether are the only two cryptocurrencies with approved futures ETFs in the U.S. The leading ETF issuers have also expressed little interest in launching ETFs beyond the two digital assets. BlackRock, a prominent ETF issuer, has stated no plans for launching ETFs for other altcoins, including Solana.\nDespite those regulatory challenges, the demand for a Solana ETF seems strong. Seyffart thinks the interest from investors, outside of Bitcoin and Ether, would be enormous for Solana. However, these legal hurdles could make this a very long, rocky road.\nNate Geraci, president of The ETF Store, supported Seyffart’s assessment that there probably wouldn’t be a spot Solana ETF without the futures market and clearer rules. He said Congress needs to institute a legitimate regulatory framework for cryptocurrencies before such a product stands any chance of approval.\nContrarian Views\nNot everyone agrees with Kelly’s prediction. Adam Cochran, a partner at Cinneamhain Ventures, believes that Litecoin (LTC) or Dogecoin (DOGE) might be the next cryptocurrencies to get ETF approval due to their simpler regulatory profiles. \nBoth Litecoin and Dogecoin operate on a proof-of-work consensus mechanism, similar to Bitcoin, which may make their regulatory pathways less contentious.\nThe market climate is always fluid, and the SEC’s position could change with the continued regulation coming out. The decision for spot Ether ETFs could be a huge one, possibly paving the way for an approval of ETFs for other digital assets, including Solana.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437829557"}