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Brian Kelly Predicts Solana (SOL) Spot ETF Approval Coming Soon – Exclusive Insight from CNBC Host

The discussion around a potential Solana (SOL) exchange-traded fund (ETF) has stirred controversy, fueled by a forecast from CNBC contributor and crypto investor Brian Kelly. Kelly indicated during a Fast Money segment on May 22 that Solana could be the next cryptocurrency in line for a spot ETF in the United States, following Bitcoin (BTC) and Ethereum (ETH).

In a nutshell, CNBC’s Brian Kelly has ignited debate by proposing Solana as the next cryptocurrency to receive a spot ETF in the U.S., following Bitcoin and Ethereum. However, Nate Geraci and James Seyffart believe that a spot Solana ETF is unlikely until a Chicago Mercantile Exchange (CME) listed Solana futures product emerges or a suitable regulatory framework for cryptocurrencies is established. The SEC’s previous classification of Solana as a security in lawsuits against Coinbase and Kraken may further complicate the ETF approval process.

Despite differing opinions, some market experts remain hopeful about Solana’s potential. Daniel Yan, co-founder of Matrixport, suggests that investing in Solana instead of Ethereum may provide a more lucrative trading opportunity due to the less competitive market and potential investor focus shift following positive developments in Ethereum.

Cinneamhain Ventures partner Adam Cochran proposed that Litecoin (LTC) or Dogecoin (DOGE) may be more likely candidates for the next spot ETF, given their proof-of-work consensus mechanisms align more closely with regulatory expectations. Bitcoin maximalists oppose the idea of introducing a Solana ETF, fearing it could devalue and undermine the legitimacy of Bitcoin.

As the crypto community anticipates the SEC’s decision on a proposed spot Ether ETF, speculations around Solana and other altcoins continue to rise. While an approved Ethereum ETF could pave the way for other cryptocurrencies, regulatory challenges suggest that the path to a spot Solana ETF approval may not be as straightforward as some anticipate.

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