Mike Novogratz, CEO of Galaxy Digital, does not rule out the possibility that the Securities and Exchange Commission (SEC) may allow the issuance of a crypto ETF invested in Solana (SOL) in the United States in the midterm. Novogratz stated that institutional investors would be willing to use this tool to enter the altcoin market, which is considered one of Ethereum’s main competitors.
Additionally, GSR anticipates that SOL interest rates will multiply in strength after the ETF is issued. Following Donald Trump’s entry into the White House, a spot Solana-ETF might be launched. This politician has recently been vocal in supporting initiatives to develop the US cryptocurrency market.
Analysts recall that in October, the trading price of Bitcoin was $23,000, marking the first time the expert community allowed the issuance of a spot fund investing in the largest cryptocurrency. Since then, BTC’s value has increased by 130%. GSR analysts believe that Solana could follow a similar path.
Tags: ETF, Galaxy Digital, SEC
Note: All articles on Bitpush represent only the authors’ views and do not constitute investment advice.
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