Ethereum ETFs Pave Way for Solana ETF

Krutika Adani

The approval of Ethereum ETFs has lifted sentiments around Solana ETFs in the market.

Solana, deemed as an Ethereum competitor, is one of the top-performing cryptocurrencies as well as a top blockchain network.

Two analysts from Bernstein, Gautam Chhugani and Mahika Sapra see this as a lowering of stance by the SEC.

They also believe that if Trump gets elected, crypto could see significant support from the legislature.

CNBC analyst Brian Kelly also supports this view of a spot Solana ETF coming soon.