Solana ETF Filing Fails to Incite SOL Past Initial Excitement

Spot Bitcoin ETFs boosted the industry’s mainstream credibility. The market appears to be pessimistic about Solana ETFs at this time. Short-term price movements cannot be used to gauge ETF approval. The approval of U.S. spot Bitcoin ETFs in January 2024 marked a watershed moment for the crypto industry. Bitcoin surged to a new all-time high within two months of the ETFs going live, with unprecedented net inflows demonstrating pent-up demand and solidifying BTC's status as a legitimate investment asset. The success of Bitcoin ETFs paved the way for altcoin ETF applications, with Ethereum products next in line for potential

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