Solana Next In Line For Spot ETF, Ripple’s XRP ETF Held Back By SEC Lawsuit
Crypto analyst Daniel Yan recently predicted that a Solana Spot exchange-traded fund (ETF) could be approved after a Spot Ethereum ETF gets approved. Before now, a Ripple XRP ETF was projected to be next in line after the Bitcoin (BTC) and Ethereum (ETH) funds were approved. However, given the long-running legal battle between the Securities and Exchange Commission (SEC) and Ripple, it is understandable that crypto experts think otherwise.
Irrespective of what happens, ETFSwap (ETFS) is the biggest winner since both a Solana (SOL) and XRP ETF will benefit the crypto token’s ecosystem.
A Solana (SOL) Spot ETF May Be Imminent, XRP ETF Derailed By SEC Vs. Ripple Battle
Yan mentioned in an X (formerly Twitter) post that Solana (SOL) will be the “number 1 next in line if ETH ETF gets approved.” He made this statement while explaining why investing in Solana (SOL) is an obvious and the most profitable play rather than buying Ethereum (ETH), with many expecting the second-largest crypto to continue to experience significant price gains on the news that the SEC will approve the Spot Ethereum ETFs.
He suggested that buying Ethereum (ETH) at this point might not be the best option, considering that the crypto token has already rallied significantly following the news that approval may be imminent. He added that Bitcoin (BTC) saw a 15% drawdown a couple of weeks after the Spot Bitcoin ETFs were approved. Therefore, something similar could happen with Ethereum (ETH) if the Spot Ethereum ETFs get approved.
Meanwhile, a Solana ETF being next in line looks likely, given the recent hype around the crypto token’s ecosystem. Asset manager Franklin Templeton recently stated that Solana (SOL) will become the third-largest crypto token after Bitcoin (BTC) and Ethereum (ETH) soon enough. Interestingly, Solana (SOL) is already on its way to achieving such status, seeing how it has climbed up the rankings lately.
On the other hand, Ripple (XRP) hasn’t had such a good run, which explains why expectations are currently low for the crypto token and a possible XRP ETF. The lawsuit between the SEC and Ripple seems to have contributed to this, which is why someone like Bloomberg’s analyst James Seyffart believes an XRP ETF from Ripple won’t be approved until the case ends.
ETFSwap (ETFS) Is Where All The Action Will Take Place
ETFSwap (ETFS) will see an influx of users if a Solana (SOL) or Ripple’s XRP ETF eventually launches. This is because the decentralized finance (DeFi) platform is already the go-to platform for anyone looking to trade exchange-traded funds (ETFs) on the blockchain. Interestingly, crypto users are already gearing up for when the platform launches so they can invest in the tokenized Spot Bitcoin ETFs and possibly Spot Ethereum ETFs if approved, in addition to thousands of traditional ETFs.
ETFSwap (ETFS) is already considered a better option than its traditional counterparts because integrating blockchain technology makes investing in this asset class on-chain more secure and transparent. Investing on the ETFSwap (ETFS) platform is also more cost-efficient than using centralized trading platforms since there are no hidden charges that users have to worry about.
Furthermore, investing in these traditional assets on a decentralized platform like ETFSwap (ETFS) guarantees users autonomy, allowing them greater control over their trades. This is already evident in the fact that users can settle their trades at any time of the day when using ETFSwap (ETFS), unlike having to wait for trading hours when using entities like brokers.
Above all, ETFSwap (ETFS) offers more, especially features that aren’t attainable with centralized entities. One is the ability of users to maximize their gains with 50x leverage on all listed ETFs.
Furthermore, users do not need to undergo any KYC screening to use the platform. Its plug-and-play approach makes it so that users can just create an account, connect their wallet, and begin trading. This is in addition to an audit carried out by CyberScope that has certified the platform as completely safe to invest in.
Conclusion
ETFSwap is also offering a life-changing opportunity with the ongoing presale of its native token ETFS. The token is selling for $0.00854 in stage 1 of its ongoing presale, and crypto experts predict that it could rise as high as $20. That means that investors in this round could make a 20,000x return on their initial investment (turning $10 into $200,000). Given ETFSwap’s (ETFS) potential, there is no reason to miss out on this presale stage.
For more information about the ETFS Presale:
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
