CandleFocus ? Solana Spot ETF Unlikely, Yet Still Crypto’s Top Hope
2024-09-10
Author: Content Editor
After the approval of spot exchange-traded funds (ETFs) for Bitcoin and Ethereum in the US, there is speculation about whether Solana will be the next cryptocurrency to receive approval. Solana, the fifth-largest cryptoasset by market cap, is seen as a potential candidate due to its similarities to Ethereum and its reputable market cap. However, there are concerns about potential manipulation and the legal status of Solana. Brazil has approved a Solana ETF, but the performance of Ethereum's ETFs has been disappointing, which may impact Solana's chances of approval. The SEC has already rejected a request for a Solana ETF, although there is hope from potential issuers that a change in leadership or market conditions could improve the outlook. A potential path forward for Solana is a futures ETF regulated by the CFTC instead of the SEC. Overall, while a Solana ETF seems unlikely in the near future, the fight for approval is ongoing.
Related News
Solana Whales Buy Big: Bullish Breakout Looming for SOL Price? Prediction markets are the killer blockchain app we've been waiting for Election jitters and ETF outflows weigh on crypto market – Nansen JUST IN: Another Cryptocurrency Exchange Hacked, Large Amount of Altcoins Stolen Will crypto get a mention in tonight’s presidential debate? 101 Economists Announced FED’s Interest Rate Policy Forecasts: Here are the Results Crypto exchange volumes reflect Bitcoin traders’ ‘reduced trading appetite’ — Glassnode Metaplanet Stock Soars 6% Following Another Bitcoin (BTC) Acquisition Major Token Unlocks on the Horizon: $CETUS Leads the Way Pepe Demolishes SHIB in Key Metric Legendary Analyst il Capo Reveals Why Most People Lose on Altcoins Breakout Alert! Internet Computer (ICP) Price Jumps 14%, Eyes on $11 Target Here’s Who Is Eligible for the ‘Catizen’ Telegram Game Airdrop on TON Notcoin Price Struggling: Further Correction On Its Way? DePIN: A recipe for public goods on public goods Bitcoin recovers slightly amid sparse on-chain data signals XEN Crypto price slips after 43% surge Alchemy Pay Partners with AEON and PEPE Miner Bot for In-Game Payments VeChain Community Approves VeBetterDAO Proposal – Get Ready for New Features Like Proof of Sustainable Work FBI Exposes One of Most Prevalent Crypto Scams Morph launches CEX coalition to back blockchain developers, projects IOTA Excited to Join Uniswap’s Multichain Future: Exploring Feeless Transactions and Scalability DeFi is a 1st Amendment right, expert says at hearing GHO market cap needs to gain another $40M before Aave initiates buybacks Debates flare up over SOLonomics Solana recorded the highest daily active addresses ever Sony Bank will launch a stablecoin pegged to the yen on Soneium Polymarket Makes Crypto-Betting Mainstream: Is It a Killer App? This Is BTC’s Next Target After Surging 4% Daily: Bitcoin Price Analysis Ethervista: bull the memecoin on the DEX, new possible trend coming on Ethereum Without decentralization, our data will never be safe Stablecoin Stability Tested: A History of De-Pegging Events Bitcoin’s Slow Start Post-Halving: Can It Reclaim the Bullish Path? Dogecoin Rejected At $0.09149, Heading For Key Trendline Support Crypto exchange volume in August surged 30% MoM Earth First Food Ventures Launches $10 Million Series A Round with Digital Asset Tokenization Digital Chamber calls for Congress to address SEC actions against NFTs Dogecoin price prediction as Elon Musk resumes DOGE promotion 2 cryptocurrencies to turn $100 into $1,000 in 2024 crypto bull run Ripple Confirms FedNow’s Network Effects Will Transform Payments and Boost XRP Cardano (ADA) Sets Eyes on $0.47, but Gains May Come Slowly Accenture invests in Emtech to strengthen CBDC, fintech solutions Ethereum Mech Shooter 'MetalCore' Launching Open Beta on Epic Games Store Binance Now Shows When Token Unlocks Are Hitting the Market Trump-Harris debate uncertainty putting pressure on stocks and crypto: QCP Capital Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst Ethereum stablecoin volume hits record $1.46 trillion as DeFi demand surges Bitwise CIO predicts significant crypto rally as macro uncertainty fades in Q4 Will US Election Affect XRP Price? These 8 Altcoins May Skyrocket As Binance Expands Support How Will DOGS Price React to the Latest Binance Announcement? EigenLayer AVS ARPA to launch native restaking rewards soon Whale Scoops $4.52 Million in Solana (SOL), Fresh Rally Underway These 3 Indicators May Block XRP’s Path to $0.65 Ripple CTO Shares Insight into XRP Ledger Functionality: Details Crypto Investors HODL Amid Market Uncertainty, Survey Finds Bitcoin Bounces Back 5%, Signaling Potential Market Reversal SEC's crypto industry fines and penalties surpass $7.4 billion after massive Terraform fine: study Binance Zero Fees: A Boost for EUR Trading or a Competitive Play? Cardano (ADA) Price Prediction for September 10 Schiff: Bitcoin Journey Ends with Heavy Losses Ctrl Wallet makes new liquidity moves and announces XDEFI token updates ZRO breaks out as BitGo picks LayerZero for WBTC interoperability Stellar Powers Global USDC Cash Service Through Partnership with Zypto and MoneyGram – XLM Poised for Rally Blockchain oracle RedStone unveils first on-chain benchmark for Ethereum staking yields Stablecoins still struggle to maintain peg during volatility periods — CoinGecko Here’s Where the Next Billion Crypto Users Will Come From, According to Chainlink Creator Sergey Nazarov DOGS token sets memecoin record with 17M users on The Open Network 'Castile' Launches Beta on Aptos as Developer Nytro Lab's Funding Hits $25 Million ‘Hardly a Bear Market’ – Trader That Nailed 2021 Bitcoin Collapse Hints at Incoming Fireworks for BTC Congress squabbles over DeFi regulation while Rep. Waters criticizes Trump's World Liberty Financial Bitcoin ETFs Are Fine Despite Suffering Their Worst String of Outflows, Says Expert Over 86% of Web3 professionals are confident in the future of crypto — Consensys Dappslap Lets You Create Dapps in “Just a Click” With AI Prompts Why Bitcoin will likely retrace to $54K before the big breakout Major Altcoin Airdrop Goes Wrong: Users Outraged – Developers Issue Statement peaq secures node support from European infrastructure giants holding $170 billion in assets LUNA, LUNC Price Rallies As Terra Classic Community Votes On Major Upgrade Pepe Coin Whale Transfers 4 Tln Tokens, Will PEPE Rebound Sustain? Bitcoin miners stay resilient despite traders' waning risk appetite — Glassnode Trump-Harris Debate: Polymarket Shows Slim Odds of Crypto Mention SEC accidentally uploads Gary Gensler’s draft speech No, Monero’s privacy didn’t suddenly break in this viral video Towards the End of the FTX Trial: Alameda CEO Caroline Ellison’s Sentencing Date Clarified Un Ode de l’Provocateur du Bitcoin BNB Price Eyes $600 as CZ Jail Release Sparks Market Interest Galaxy, State Street Launch 3 Crypto ETFs Despite Rising Outflows Ethena's Yield Machine Sees $1B Outflows as Crypto Market Cools – But There's Good News Bitcoin (BTC) Retests $57,000: Final Pullback Before All-Out Rally Early Bitcoin Miner Wakes up With Enormous 8,692% Profit Shiba Inu (SHIB) Recent Gains Trigger More Sell-Offs Solana (SOL) Price Prediction for September 10 PayPal, Venmo to Accept ENS's Human-Readable Blockchain Names Solo Bitcoin Miner Wins Big After Securing an Entire Block Reward Is Litecoin Price Finally Ready for A Bull Run? Dogecoin (DOGE) Skyrockets $812 Million in 24 Hours of Bullish Whale Activity $150 Million in Ethereum Disappear - Do Whales Know Something? AI Cryptos Rallying Amid Anemic Market Today: One Possible Reason Major XRP Ledger (XRPL) Amendment About to Go Live $6 Billion Cardano (ADA) in 24 Hours: Here's What's Happening Core Scientific Is Uniquely Placed to Deliver AI Data Center Scale in the Near Term: Bernstein Experienced Analyst Announces Level That Could Start Bullishness in Bitcoin, Warns Against Short-Term Decline! Second U.S. Firm tZero Said to Become Crypto Broker Dealer Under SEC Oversight Elon Musk's SpaceX Breaks Ground: Remarkable Bitcoin (BTC) Post from Arkham! Ramp Network expands crypto purchases to all U.S. states Pepe Surges 5% as Unknown Wallet Withdraws 4T PEPE From Bybit Stablecoin issuer Paxos to integrate with Arbitrum network $100 Million SHIB Thief Back and Dumping Ethereum Again Michael Saylor Supports Bitcoin Recovery With Epic “Orange Pill” “Matrix” Statement Toncoin Price Rebounds Amid Speculation on Future Fed Interest Rates John Deaton Slams Senator Warren of Lobbying for Banks, Defends Bitcoin Billionaires Standard Chartered Sets Up Digital Asset Custody Services in UAE Polygon to Buy $5M of Servers With Computer Chips Devoted to Zero-Knowledge Cryptography Traders Shorting Bitcoin Amid $58K Rebound; Analysis Suggests FUD Could Drive Prices Higher Why Fetch (FET) & Render (RENDER) Price Could Crash Soon LUNC Price Jumps 7% on Upgrade Proposal News 6.50 Billion MATIC Tokens Migrated to POL 70% of Toncoin (TON) Traders Are Bearish: Short Squeeze Incoming Williams Racing, Kraken’s Rear Wing Takeover Returns With Cosmos Collection NFT Airdrop Uniswap Tops DEXs Weekly Trading Volume with $9.09B $170 Million Shiba Inu (SHIB) in 24 Hours - Here's What Happened $850 Million in Bitcoin Sees Quick Sell-Off – What's Going on? 3 Things Bitcoin (BTC) Needs to Hit $60,000 Liquity V2 Unveils Protocol Incentivized Liquidity (PIL) to Strengthen Ecosystem XRP News: Ripple CLO Blasts Fed, Reveals Who’s Really Laundering Billions Shibarium on Verge of Two Major Milestones: SHIB Rally Ahead? The inside story of WazirX’s $235M hack and how it’s destroying users lives left without answers a16z Crypto Selects 21 Startups for Fall 2024 Accelerator Cohort Ethereum Price Forecast As Crypto Markets Prepare for Trump Harris Debate Ethereum Price Analysis: Is ETH on its Way to $2.5K or Danger Still Looms? TRON’s Impressive Growth in August 2024: Fees, Revenue, and TVL Surge SocialFi, web3, and UX: Cracking the trillion dollar creator economy | Opinion Is Ethereum (ETH) Price in a Prolonged Slump? Expert Argues Buying Millions of Shiba Inu Can Still Make You a Millionaire Starknet (STRK) plummets 3% amid broad market surges; here’s why Analyst Predicts a Huge Bitcoin Pump to $83,000 Chainlink (LINK) Hype Might Be Overrated, $8 Still in Sight Bitcoin Short Squeeze Alert: BTC Price Pump to $59k Around the Corner? SEC's Hester Peirce questions Commission's stubborn stance on SAB 121 Solana WIF Set for $2 Push Amid Increasing Breakout Chances Shiba Inu (SHIB) Skyrockets 367% in Bullish Whale Activity Surge Bitcoin Price Forecast: Is a Major Bull Run Coming in Q4? Daily Market Review: BTC, ETH, FET, POPCAT, FTM Donald Trump and Kamala Harris Debate: What Crypto Investors Should Know Fantom (FTM) Eyes $0.50 Breakout: Can It Surge to $0.76 in the Ongoing Bull Run? Aave on the Verge of a Major Breakout Toward $200 Soon dYdX Integrates Keplr Wallet Enabling Easy Access to Over 130 Markets JUST IN! Binance Announces Listing of a New Altcoin! Price Jumps! Crypto Traders Remain Cautious About Downside Risks in Bitcoin, Ether; SOL Stands Out Cryptocurrency Prices Today Sept 10: BTC Touches $58K, FTM & POPCAT Lead Market Gains Crypto Retail Market Is Poised for a Rebound: Gemini RWA App Integrates with Near Protocol to Accelerate Growth of Tokenized Assets Promising Altcoins to Watch: WIF, ORDI, SUI, AAVE, and UNI Tether, TRON and TRM Labs Establish First-Ever Private Sector Financial Crime Unit to Combat Crypto Crime Analyst Reveals Crucial Ethereum (ETH) Price Level: Don't Miss It Goldman Sachs Says Bear Market Unlikely VeBetterDAO Proposal Passes With Strong Support, Leading to Platform Changes September to Remember: 3 Upcoming TON Blockchain Airdrops For The Month Crypto becomes US election issue for the first time — Survey Indonesia’s licensing regime sparks ‘monopolistic’ market concerns FET, TAO Jump 10% as Apple Unveils iPhone 16 AI Features Nansen acquires staking firm StakeWithUs to diversify services Ethena’s risky path: A synthetic stablecoin cautionary tale Bitcoin speculators repeat 2021 de-risking as exposure drops 21.6K BTC Dogecoin (DOGE) Creator Outbids $13 Million Bitcoin Prediction by Michael Saylor Michael Saylor’s $13 Million Bitcoin Forecast Gets “Satoshi Response” from NBA Legend Analyst Warns of a Huge Bitcoin Shakeout Incoming, Shares Crucial Tips to Avoid the Trap Cryptocurrency Exchange OKX Announced That It Has Delisted This Altcoin! Here Are the Details AAVE Launches EtherFi Market, Analyst Raises Targets to $260 Will BNB Price Reclaim $600 as Changpeng Zhao's Release Date Approaches? FRIEND surges 60% as FriendTech dismisses shutdown rumors This Data Suggests Solana Will Surge as the Breakpoint Event Approaches Donald Trump and Kamala Harris to Face Off for the First Time on Live TV Today: Will Bitcoin and Cryptocurrencies Be Discussed? This London Man's £2.6M Crypto ATM Scheme Just Blew Up in His Face Orochi Network Partners with Backpack Wallet to Launch ‘CONTRIBUTE TO EARN’ Platform $1,200 Ethereum on the Cards VeBetterDAO Proposal Passes with Significant Support, Bringing Changes to the Ecosystem Telefónica joins Privado ID to develop EU-compliant digital identity solutions Crypto Market Today : Top Altcoins Poised for a Breakout This Week Expert Explains How XRP Could Benefit from the Launch and Adoption of Ripple’s RLUSD Stablecoin Whale Activity Impacts Solana Price with A $4M Purchase Shiba Inu Wave 3 Ready for 10x Surge: Analyst Predicts New All-Time High ? Solana Spot ETF Unlikely, Yet Still Crypto’s Top Hope Bitrue Launches Unique Hamster Combat Campaign Ahead of HMSTR Release XRP Finally Moves Close to a Major Squeeze: Here Are Possible XRP Targets Tether (USDT) Partners With A New Altcoin! TWT, UTK, and WINGS rebound as cat-themed coins lead crypto market recovery Ethereum Whales Now Control 43% of Supply, Closing in on Retail Holdings Market Maker Wintermute Holds 0.5% of Total Supply of $NEIRO Dogecoin Spikes 8% as Elon Musk Says “Call Me Dogefather” Bitcoin (BTC) Price Jumps Above $57K, Dogecoin (DOGE) Rises 6% Daily (Market Watch) Macro Guru Lyn Alden ‘Very Bullish’ on Bitcoin Over Next Five Years Amid Large US Interest Payments on Debt FTM jumps 12% as Sonic Labs targets $11T lending market with new blockchain feature Bitcoin Analyst Sees Recent Pullbacks as Bullish Signal Will Uniswap Price Surge 139% as Congress First DeFi Hearing Kicks Off? Singapore Police Probe Alleged Worldcoin Account Sales Amid Legal Concerns Ethereum Maxi Predicts Neiro Altcoin Could Turn $10K into $1M by Year-End Bitcoin Analyst Warned: “If BTC Price Falls Below This Level, Liquidation Series May Be Triggered!” Shiba Inu Shares New Shibarium and Shiba Eternity Updates Pump.fun Warns US Users of Possible Access Restrictions in 48 Hours Crypto Exchange Listing and Delisting Announcements: September 9, 2024 AI deepfake attacks will extend beyond videos and audio — Security firms Ripple: positive forecasts for the price of the crypto XRP Finance Veteran Says XRP is a ‘Slave Coin,’ SEC ‘dug in’ on bank crypto custody rule as agency’s stance ‘unchanged’ Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500 Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud Solana Price (SOL) Shows Strength: Is a Return to $150 Possible? XRP 540 Days of Ranging to End in “Mega Pumps,” Top Analyst Declares ETFs, Whales, and Long-Term Holders Buy Bitcoin: Is the Bottom In? An Important Warning Came From the Analyst Who Correctly Predicted Bitcoin Will Reach $70,000! Here Are the Details South Korean Customs Link Rising Drug Smuggling to Crypto and Telegram ApeCoin, SUI, and Starknet: Price Analysis and Potential Breakouts Why Bitcoin Bull Run 2024 Could Be the Biggest Crypto Event Yet! Four Altcoins Poised for Breakout: RUNE, FTM, DOGE, and SUPER Bitcoin to $150,000? Legendary Trader Peter Brandt Stuns BTC Bulls Robert Kiyosaki Warns Of 'Hidden' Banking Crisis, Bitcoin Rally Ahead? Coinbase Layer-2 Success Shows Power of Marketing Over Cutting-Edge Tech Solana Regains Strength But Can It Push SOL Price Over $150 Bitcoin Trading Volume Surged to $2.8T in January to August Period Solana Targets $150 as Whales Accumulate Amid Market Recovery Can SushiSwap Price Hit $1 Amid New Meme Coin Launch Pad Release? Top Crypto Influencers on X : Shaping Digital Currency Conversations Top Algo Trading Platforms That Transform Market Analysis Bitcoin Support Retests Reflect September 2023 Patterns: Is Another Bull Run Coming? Ethereum ETFs record another week of heavy outflows as whales shed their holdings SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments FTX pencils deal to access $600M in Robinhood shares BlackRock reports third day of outflows, but US Bitcoin ETFs still snap losing streak Can SushiSwap Price Hit $1 Amid New Meme Coin Launch Pad Release? Top Algo Trading Platforms That Transform Market Analysis Crypto community brace for presidential election, upcoming debate stirs attention BTC Bounces Back from $52.62K; Is a Surge to $59K Next? Harris Deprioritizes Crypto as Trump Surges on Polymarket with 52% Presidential Debate: 74% Think Kamala Harris Will Win Top Crypto Influencers on X : Shaping Digital Currency Conversations RWA App Integrates With Near Protocol To Boost Tokenized Asset Growth Difference Between Hybrid and Federated Blockchains Dogecoin (DOGE) to Remove Zero, Shiba Inu (SHIB) Not Looking Healthy, XRP Catastrophe Avoided, Here's How Crypto products post heavy outflows amid August decline in US unemployment rate Top Gainers of The Week: Smaller Market-Cap Tokens Outperforming the Bigger Projects North Carolina Senate overrides governor veto to pass Fed CBDC ban bill $5 Million Outflow Puts Immutable X (IMX) Price In Trouble Again Crypto Whale Dodges $26.47 Million Liquidation Bitcoin Leveraged Positions Building Up: BTC To $50,000 Or $60,000? Dogecoin Price Hits $0.1, Will Elon Musk's Backing Push DOGE To $1? Rise of Bitcoin ATM Scams: $65 Million Lost in 2024 and Security Risks Explored XRP dips to $0.52, Ripple reserve on Binance down by whopping 167 million since July 2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec Japanese blockchain Oasys partners with SK Planet to expand South Korean presence Solana Price Surge Confirmed? Just One Step Away from a 35% Rally Bitcoin ETFs Struggle Continues as Ethereum ETFs Record Inflows on September 9 ‘Hamster Kombat’ Playground Guide: How to Earn Keys to Boost Your HMSTR Airdrop