I thought the ETFs were like for all or most crypto, and today I read that the “next” etf is for solana, wtf?

If there is no solana etf, will it stay behind btc and eth until there is such etf?

probably newbi panic, so please advice on this, thanks.

  • leiudnnelwiyb@alien.topBEnglish
    1·
    10 months ago

    There are many applications for BTC ETFs and some for ETH. There is no guarantee these will be approved. It’s just a strong narrative that drives prices atm. There is no SOL ETF to my knowledge, but ofc that could happen one day.

    It’s likely that all of crypto will get a pump from this. An ETF would be a highly regulated investment vehicle for normies and it’s projected to drive a lot of liquidity to crypto. It would legitimise crypto in general.

    BTC holders will take profit after the approval and they might rotate into ETH as the next strong candidate. Gains then usually trickle down into alts, which is where SOL could catch a bid.

    • The_Wake_Up_Ride@alien.topOPBEnglish
      1·
      10 months ago

      If Solana will or might catch up… why hold solana now?

      why not get BTC, wait for ETF, take profits, jump into SOL or ETH, take profits, wait for the bear…

      then maybe solana?

      by all means, I want to understand why should i hold solana now instead of BTC or ETH?

      merci. thanks!