Ether, Solana Rally on ETF Optimism, Outpacing Bitcoin

• Bitcoin’s price stays flat at $61,000 amid fears of a sell-off from the defunct Mt. Gox exchange.
• Ether rises 2.1% to $3,444.20, fueled by impending SEC approval of a U.S. spot Ether ETF.
• Solana experienced a 7% surge following a VanEck ETF filing, indicating a shift in investor focus towards altcoins.

Ether and Solana are surging in the cryptocurrency market, propelled by anticipation of U.S. regulatory approval for their respective exchange-traded funds, even as Bitcoin’s price remains relatively flat at $61,000.

As expected, Ether surged 2.1% to reach $3,444.20, propelled by a Reuters report suggesting imminent SEC approval for a spot Ether ETF as early as next week. Anticipation of regulatory approval has not only boosted Ether but also spurred a 7% jump in Solana following VanEck’s filing for a Solana ETF.

I am excited to announce that VanEck just filed for the FIRST Solana exchange-traded fund (ETF) in the US.

Some thoughts on why we believe SOL is a commodity are below.

Why did we file for it?
A competitor to Ethereum, Solana is open-source blockchain software designed to… pic.twitter.com/XwwPy8BXV2

— matthew sigel, recovering CFA (@matthew_sigel) J…

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