Odds for approving a Solana spot ETF?

[samcrypto]

This will be the trend, and for sure many crypto will also apply for the ETF approval.
There’s a big chance for SOL to get the approval as well, this is the trend after the Bitcoin approval as many sees this as a big opportunity to attract more investors. SOL will have its own version of ETF, let’s look forward to that.

[ultrloa]

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.

Its far to happen for now since imagine how many struggles before bitcoin ETF got approve? For sure there would be more hardship for Solana to get its ETF spot since for sure the other top coins above him will go first.  But if it happens that ETH ETF gets approve then BNB will be the next one in line for that maybe for that we can see that SOL will be the next to get a spot.  But let see if this will happen soon since crypto is fast growing asset and maybe regulators would find it great addition knowing how huge the market of this coins and they see a opportunity to earn a lot of money for accepting new crypto on their list.

[Troytech]

Sol spot ETF is the last ETF approval there would be apart from maybe BNB and seriously I don't think the sec would want to food everywhere with lots of new ETF, it might well end with ETH. Or might never happen, the hate crypto and see what one ETF approval has brought to bitcoin it's on a race to new hight and the sec that so was against it won't believe they played a major role In bringing it to life, do ironical, so might never happen.

[JeffBrad12]

wonder if recent outage with solana will become a concern for the ETF approval, but we will see ethereum ETF approval first if its getting approved then it means that the gateway for ETF for various altcoins are opened and maybe we can start thinking about sol being approved of its ETF, quite frankly XRP too is looking for company that could file ETF for them if im not mistaken and there will be surge of demand for ETF for various altcoin if these altcoin somehow getting approved.

This will be the trend, and for sure many crypto will also apply for the ETF approval.
There’s a big chance for SOL to get the approval as well, this is the trend after the Bitcoin approval as many sees this as a big opportunity to attract more investors. SOL will have its own version of ETF, let’s look forward to that.

considering that ETF keeps being delayed whether its bitcoin in the past or its ethereum it gonna take much time until ETF get approved for other altcoin.
im finding it will implicate with the timeline of crypto cycle, but i guess some altcoin just want that opportunity to be exposed to a bigger capital out there.

[Abiky]

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.

Of course. The SOL blockchain must focus on stability/reliability if it wants to gather "Wall Street's" attention. Why would anyone want to use it in the first place (other than whales)? There is hope that the new "Firedancer" node software would provide a permanent fix to the network outages. At the time of this writing, the SEC delayed the application for Ethereum spot ETFs. Don't expect Solana to get one before Ethereum, though.

Nevertheless, the future is bright for the whole crypto/Blockchain industry. If SOL went from ~$20 to ~$120 a few months later, it could easily reach a new ATH with the spot ETFs. In crypto land, anything's possible. It wouldn't "hurt" to "hodl" a few SOL tokens, right?

[tyz]

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.

I agree to this. I see no chance for the approval of a spot ETF for Solana in the foreseeable future. It is currently clear that it will not be easy even for Ethereum. Ethereum has been a very stable and established network for years. Solana, on the other hand, regularly makes negative news due to its instability. At times, the network even came to a complete standstill. An ETF must be able to buy or sell the underlying asset at any time. If it cannot do this, it is not liquid. I therefore see no future for a Solana ETF.

[GeorgeJohn]

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.

what is happening now is just an indication to let us know that every coin have it on time for increment and it opportunity turn multiply that is why when I'm emphasizing On Coins I do let people know that we should invest in Coin that have a potential and also a reputation because if a coin have potential even though a bullrun season meet the coin it will not  more value that is why whenever you are holding any altcoin you should make sure that the value of the coin will be something that will propagated in future.

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.

All these coins have a potential the only thing is that people is value them very well and that is why some of them find it very difficult to Accelerate in price so therefore it is good to make a research or findings of any coin that you want to invest on before investing on them don't be listening to what people said about that particular coin but make a research and the follow your decision no matter how long it takes for you to hold the coin, just don't relate to anyone but hold your coin until it meet bullrun.

[Abiky]

I agree to this. I see no chance for the approval of a spot ETF for Solana in the foreseeable future. It is currently clear that it will not be easy even for Ethereum. Ethereum has been a very stable and established network for years. Solana, on the other hand, regularly makes negative news due to its instability. At times, the network even came to a complete standstill. An ETF must be able to buy or sell the underlying asset at any time. If it cannot do this, it is not liquid. I therefore see no future for a Solana ETF.

Of course. Reliability is a must. Especially if we want "Wall Street" to "pump" market prices all the way to the moon. As I've said before, the upcoming node software release for Solana (Firedancer), should fix the network's inherent issues once and for all. At least, that's the goal. I sure hope developers focus on quality instead of quantity to make Solana a real ETH contender in the long run.

For a coin that suffered dearly from the FTX implosion, and constant network outages, I'm surprised to see it among the top ranks in market cap. Anything's possible in crypto land, right?

[wheelz1200]

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.

I don't know if anyone would be able to put odds on it.  But if Solano is approved to be bought via ETFs then that means a ton of other altcoins will be too.  Knowing how reluctant the SEC is with crypto and exposing people to possible scams is not going to be an easy thing to get over.  It took bitcoin a long time to get approved I would assume a similar path would be for these individual altcoins.  Sounds like etfs are the next fad lol.

[Rengga Jati]

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.

Solana is attracting a lot of attention, not only because the price increase is very significant even though it is not yet in the bullish era. but also because the development of the given project is really progressing significantly. In fact, Solana has now really become a very popular Blockchain Smart Contract, because of its low fees, ease of use, speed, and several other advantages, which cannot be doubted.

And of course, this does not rule out the possibility of an ETF for Solana in the future. It's just that, as several members here have pointed out, this will definitely take time. I don't know whether this will happen in this bullish era because there is quite a hype, or in the future era. Of course, Solana will go through this process. And if it happens, and is approved, I'm sure that this will be a very significant trigger for the rise and development of Solana in the future.

[bitzizzix]

Before the Solona spot ETF happens, the ethereum spot ETF will be next after the Bitcoin spot ETF. And what we have to remember is that getting our Bitcoin ETF approved took quite a long time and it was just delayed and delayed until it was finally approved, and the question is whether the ethereum ETF will also take as long as Bitcoin because previously the SEC was reported to be delaying its approval. And if the time comes at the appointed time, will they postpone it again and continue like that?
And even if there is a Solona ETF, I think it will take quite a long time and perhaps no one knows whether it will materialize or not. While there is potential after ethereum, Solona is the next coin, only time will tell.

[Yogee]

I don't know man. They have gained popularity for sure but would any big US investor really become interested in backing up a network that could have a major outage for hours? I think that's the biggest roadblock they have to overcome if there is ever a plan to apply for spot ETF. I say XRP and Ripple has a higher chance compared to Solana.

[tyz]

Of course. Reliability is a must. Especially if we want "Wall Street" to "pump" market prices all the way to the moon. As I've said before, the upcoming node software release for Solana (Firedancer), should fix the network's inherent issues once and for all. At least, that's the goal. I sure hope developers focus on quality instead of quantity to make Solana a real ETH contender in the long run.

In addition to the instability of the network, the auditors/approvers of an ETF will certainly also pay attention to the decentralization so avoid any manipulation. Decentralization is certainly given for Bitcoin and Ethereum. But not with Solana. The network is far too central and - as far as I understand it - nothing will change even after the upgrade.

[GreatArkansas]

(...)
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.

For me yes, but I believe if this will happen, Solana needs to undergo in lot of struggles first before they will achieve this, as we all know Ethereum has already here for so long and Solana has some issues, especially about their downtimes remember they are once connected with FTX Exchange before, where could be a conflict in some regulation concern.

[Abiky]

For me yes, but I believe if this will happen, Solana needs to undergo in lot of struggles first before they will achieve this, as we all know Ethereum has already here for so long and Solana has some issues, especially about their downtimes remember they are once connected with FTX Exchange before, where could be a conflict in some regulation concern.

I can imagine how regulators would express skepticism against Solana. Especially when FTX had his hands tied to it. If Ethereum and XRP are facing issues with the approval of spot ETFs, imagine how hard it will be for Solana to get one. I believe the odds are very slim. At least for now.

We'd have to wait and see what happens after ETH gets its own ETF. With big investors showing huge interest into crypto assets, anything's possible. I sure hope Solana developers fix the network outages and once for all. Jump Crypto promises to solve this with the Firedancer node software, so maybe there's a bright future for the chain after all?