The launch of spot Ethereum ETFs (which BlackRock predicts will come in July) heralds a fresh era of crypto ETF diversity, with Solana ETFs the next to come.
99Bitcoin’s analysts are now anticipating a flood of Ether and Solana Exchange Traded Funds to hit the market soon, marking a transformative phase for crypto.
We’re not the only ones. ETF expert Eric Balchunas is predicting a wave of Ether and Solana products following the spot Ether ETF debut; the question is when?
Cboe’s Strategic Move Toward Solana ETFs
Chicago Board Options Exchange (Cboe), a prominent exchange platform, has signaled support for Solana funds by VanEck and 21Shares, marking this as a David Byrne “How did we get here” type of moment for crypto.
One second, “Bitcoin is being called dead” by everyone in the mainstream media.
The next second, we’re here with the exchange-traded fund dikes about to release a flood of liquidity.
Crypto in 22/23 vs. Crypto in 2024
2022-2023:
– LUNA
– FTX fraud
– SEC suing Binance and Coinbase2024:
– BTC ETF
– ETH ETF
– Solana ETF filing
– Trump supports Crypto and is going to speak at the BTC conference
– Trump's VC holds BTC
– BlackRock is in
– SEC loses major cases pic.twitter.com/NpbqkCQURm— CryptoAmsterdam (@damskotrades) July 15, 2024
The industry giant Cboe is responding to the surging demand for crypto assets beyond the usual suspects like Bitcoin and Ether.
Amid regulatory plays, Cboe’s Solana ETF push signifies a strategic maneuver to tap into the growing Solana trend, which we here at 99Bitcoins consider the “Apple of crypto” due to adoption rates and speed for Sol.
Right now, rumors of spot US Ether ETFs debuting on July 23 post-SEC seem to be the best guess for the product hitting the market.
As for Sol-based exchange-traded funds, ostensibly, we’re still far off.
What Does The Future Hold for Crypto ETFs?
Ethereum’s ETF launch broke the camel’s back. We’ve been saying that it would for months.
That’s why SEC head Gary Gensler was so against it; the floodgates are open, offering investors a varied digital asset portfolio.
According to BlackRock, anticipated investor flows into Ether ETFs post-launch could reach up to $10 billion, reflecting how big this space could get.
Explore: 15 Best Decentralized Crypto Wallets for 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
