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CryptoIntelligence
2024-06-09 21:22:04

2024 U.S. Elections Could Determine Fate of Future Solana and Other Altcoin ETFs

The potential for another altcoin exchange-traded fund (ETF) in the U.S. could hinge on political shifts following the 2024 presidential election. Despite the SEC approving spot Ether ETFs on May 23, SEC Chair Gary Gensler noted that “it will take time” for these ETFs to launch. Speculation has already begun, with Solana emerging as a leading candidate for the next crypto ETF. Ophelia Snyder, co-founder and president of 21.co, cautioned against high expectations for new altcoin ETFs. “It’s unlikely that the approval of ETH will result in a large wave of approvals,” she told Cointelegraph. Nonetheless, strong demand from institutional

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