Reported about 1 year ago
With the hype surrounding cryptocurrency exchange-traded funds shifting to smaller digital assets, Ether and Solana are starting to outshine Bitcoin. Solana saw a significant surge after an ETF application by VanEck, while Ether has surpassed Bitcoin in 2024 as ETF approvals for the coin draw closer. Analysts predict strong demand for Ether ETFs, with Galaxy Digital Holdings LP and Fundstrat Global Advisors LLC estimating $5 billion in net inflows in the first five months. Despite Bitcoin's earlier success with US spot ETFs, the spotlight is now on Ether and Solana as the SEC leans towards approving spot-Ether ETFs and questions linger about Solana's ETF approval.
Source: YAHOO