Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

While Bitcoin crosses $ 100k, Robinhood rises 15%, BTC Miners’ Time to Shine, and more

2025-05-10

Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

2025-05-10

Bitcoin market cycle indicator Hints at Bullish Breakout Vooruit, says Analyst

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10

    Decentralized AI Society to run Hypercycle Masternode

    2025-05-09

    Agi Open Network Partners with AI Sim for Smarter, faster AI agents

    2025-05-09

    Hela Labs to redefine decentralized data possession in collaboration with Insight Genesis

    2025-05-09

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10

    NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

    2025-05-09

    XRP analyst marks XDC for 3,350% starts as bullish statistics appear

    2025-05-09

    Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

    2025-05-09

    Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

    2025-05-09
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Approval of Ethereum ETF Will Pave the Way for Solana ETF, Commodity Classification
Ethereum ETF approval will set stage for Solana ETF, commodity classification
Regulation

Approval of Ethereum ETF Will Pave the Way for Solana ETF, Commodity Classification

2024-05-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

According to a recent report from Bernstein, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US could set a precedent for the classification of Solana (SOL) as a commodity.

The classification of cryptocurrencies as securities or commodities has significant implications. Commodity classification facilitates ETF applications and approvals, while security classification subjects assets to stricter SEC oversight.

‘Big three’

The approval of spot Ethereum ETFs would mean the SEC considers the second-largest cryptocurrency a commodity, setting a crucial precedent. This would be the first time a non-Bitcoin digital asset has received such a classification, raising expectations that Solana will follow suit.

Ether’s price rose earlier this week after Bloomberg analysts raised the odds of SEC approval for spot Ether ETFs from 25% to 75%, following reports that the regulator had requested regulatory updates. The SEC’s final decisions on these filings are expected later today, May 23, after multiple delays.

Bernstein’s report noted that Bitcoin’s 75% rally following the adoption of spot ETFs suggests similar price action for Ethereum following the adoption of spot ETFs.

However, if the SEC rejects the applications, Ethereum could face significant volatility and a steep price correction in the coming days, according to research from CryptoQuant.

Crypto investor Brian Kelly expressed similarly optimistic views about Solana and the potential regulatory approval of Ethereum ETF products during a recent CNBC interview. He speculated that SOL could be the next altcoin to gain ETF approval, highlighting that it is a likely candidate for investment managers to move forward.

Kelly highlighted that Bitcoin, Ethereum and Solana are the “big three” digital assets for which ETF products may be approved in this cycle. He noted the success of Bitcoin ETFs, which have collectively amassed a significant amount of Bitcoin, valued at approximately $58 billion, indicating strong demand for regulated crypto investment products.

See also  SendAI Launches Solana Agent Kit, Expanding the Power of Blockchain

However, Kelly also acknowledged some skepticism within the Solana community. He said Solana’s initial coin offering (ICO) and its classification as a security by the SEC could pose challenges for ETF approval.

Still, Kelly remained optimistic that the changing regulatory and political landscape could increase Solana ETFs’ chances of approval if Ethereum ETFs are given the green light.

Changing political landscape

The Bernstein report, released ahead of the SEC’s final decisions on ETH ETF applications, also highlighted a possible shift in the Biden administration’s stance on cryptocurrencies based on recent developments.

Furthermore, the report noted that if Trump is re-elected, his administration will likely further support the crypto industry through legislative and regulatory measures. According to the report:

“Should Trump be elected, crypto could gain significant legislative and agency support, leading to long-lasting structural changes in the financial inclusion of crypto.”

The potential approval of Solana ETFs comes amid a changing regulatory environment and growing bipartisan support for crypto. The recent passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act by the House of Representatives, with significant Democratic support, signals a potential political shift.

Attorney Jake Chervinsky described the bill’s passage as a “vote of no confidence” in the SEC’s current approach to crypto regulation, and suggested political consequences for maintaining an anti-crypto stance.

Regulatory approval of Solana ETFs would mark a major milestone for the crypto industry, signaling mainstream adoption and integration. However, with Ether ETFs still pending approval, the industry remains cautiously optimistic about the future.

Mentioned in this article
Last Alpha Market report

Source link

See also  Fed Chair Jerome Powell discusses target interest and inflation rates at Jackson Hole summit
Approval classification Commodity ETF Ethereum Pave Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Founder of Crypto Lending Platform Celsius sentenced to 12 years in prison for fraud

2025-05-10

Bitcoin hits $ 100k – so why do BTC ETF stream slow down suddenly?

2025-05-10

NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

2025-05-09

American stablecoin legislation stops in the senate in the midst of partisely bickering

2025-05-09
Add A Comment

Comments are closed.

Top Posts

Over 230,000 Tickets Sold for Numi’s Metaverse Event

2023-09-01

Web3’s ‘Pokemon Go’

2024-04-05

What’s stopping Fortnite and Call of Duty from using the same items? It’s not just NFTs

2023-09-29
Editors Picks

Manta Network becomes the first EVM to power Celestia’s Blobstream, on its way to lower costs

2023-10-24

Akita Society uses Blockchain to protect dog breeds in Japan

2024-04-30

Yuga Labs enforces royalties on consumers: bans trading on OpenSea

2023-09-28

Revolutionizing content monetization with Web3 and Blockchain technology

2024-12-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

While Bitcoin crosses $ 100k, Robinhood rises 15%, BTC Miners’ Time to Shine, and more

Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

Bitcoin market cycle indicator Hints at Bullish Breakout Vooruit, says Analyst

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,687.48-0.05%
  • ethereumEthereum(ETH)$2,362.132.39%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.381.74%
  • binancecoinBNB(BNB)$662.884.76%
  • solanaSolana(SOL)$171.643.70%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2231748.72%
  • cardanoCardano(ADA)$0.791.29%
  • tronTRON(TRX)$0.2626102.55%
  • suiSui(SUI)$3.98-1.07%
  • chainlinkChainlink(LINK)$16.272.00%
  • avalanche-2Avalanche(AVAX)$23.995.24%
  • shiba-inuShiba Inu(SHIB)$0.0000167.84%
  • stellarStellar(XLM)$0.3007421.22%
  • hedera-hashgraphHedera(HBAR)$0.2071154.27%
  • hyperliquidHyperliquid(HYPE)$25.131.18%
  • the-open-networkToncoin(TON)$3.362.30%
  • bitcoin-cashBitcoin Cash(BCH)$420.84-0.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.68-2.14%
  • polkadotPolkadot(DOT)$5.0510.06%
  • litecoinLitecoin(LTC)$103.496.45%
  • moneroMonero(XMR)$314.254.34%
  • bitget-tokenBitget Token(BGB)$4.755.02%
  • pepePepe(PEPE)$0.00001311.31%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-3.36%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.500.70%
  • bittensorBittensor(TAO)$445.52-0.09%
  • nearNEAR Protocol(NEAR)$2.963.53%
  • aptosAptos(APT)$5.741.20%
  • okbOKB(OKB)$55.043.01%
  • aaveAave(AAVE)$215.672.05%
  • ondo-financeOndo(ONDO)$1.030.92%
  • ethereum-classicEthereum Classic(ETC)$19.382.41%
  • internet-computerInternet Computer(ICP)$5.523.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.322.78%
  • kaspaKaspa(KAS)$0.1051742.53%
  • gatechain-tokenGateToken(GT)$22.252.75%
  • crypto-com-chainCronos(CRO)$0.1021392.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2585391.77%
  • vechainVeChain(VET)$0.0306974.64%
  • render-tokenRender(RENDER)$5.083.45%
  • mantleMantle(MNT)$0.780.05%
  • ethenaEthena(ENA)$0.372351-3.29%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • algorandAlgorand(ALGO)$0.2365122.32%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.856.08%
  • filecoinFilecoin(FIL)$3.061.79%
  • bitcoinBitcoin(BTC)$103,687.48-0.05%
  • ethereumEthereum(ETH)$2,362.132.39%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.381.74%
  • binancecoinBNB(BNB)$662.884.76%
  • solanaSolana(SOL)$171.643.70%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2231748.72%
  • cardanoCardano(ADA)$0.791.29%
  • tronTRON(TRX)$0.2626102.55%
  • suiSui(SUI)$3.98-1.07%
  • chainlinkChainlink(LINK)$16.272.00%
  • avalanche-2Avalanche(AVAX)$23.995.24%
  • shiba-inuShiba Inu(SHIB)$0.0000167.84%
  • stellarStellar(XLM)$0.3007421.22%
  • hedera-hashgraphHedera(HBAR)$0.2071154.27%
  • hyperliquidHyperliquid(HYPE)$25.131.18%
  • the-open-networkToncoin(TON)$3.362.30%
  • bitcoin-cashBitcoin Cash(BCH)$420.84-0.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.68-2.14%
  • polkadotPolkadot(DOT)$5.0510.06%
  • litecoinLitecoin(LTC)$103.496.45%
  • moneroMonero(XMR)$314.254.34%
  • bitget-tokenBitget Token(BGB)$4.755.02%
  • pepePepe(PEPE)$0.00001311.31%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-3.36%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.500.70%
  • bittensorBittensor(TAO)$445.52-0.09%
  • nearNEAR Protocol(NEAR)$2.963.53%
  • aptosAptos(APT)$5.741.20%
  • okbOKB(OKB)$55.043.01%
  • aaveAave(AAVE)$215.672.05%
  • ondo-financeOndo(ONDO)$1.030.92%
  • ethereum-classicEthereum Classic(ETC)$19.382.41%
  • internet-computerInternet Computer(ICP)$5.523.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.322.78%
  • kaspaKaspa(KAS)$0.1051742.53%
  • gatechain-tokenGateToken(GT)$22.252.75%
  • crypto-com-chainCronos(CRO)$0.1021392.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2585391.77%
  • vechainVeChain(VET)$0.0306974.64%
  • render-tokenRender(RENDER)$5.083.45%
  • mantleMantle(MNT)$0.780.05%
  • ethenaEthena(ENA)$0.372351-3.29%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • algorandAlgorand(ALGO)$0.2365122.32%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.856.08%
  • filecoinFilecoin(FIL)$3.061.79%