{"id":22347,"date":"2024-06-08T21:00:50","date_gmt":"2024-06-08T18:00:50","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22347"},"modified":"2024-06-08T19:53:20","modified_gmt":"2024-06-08T16:53:20","slug":"bloomberg-analyst-seyffart-discusses-possibility-of-solana-spot-etf","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bloomberg-analyst-seyffart-discusses-possibility-of-solana-spot-etf\/","title":{"rendered":"Bloomberg Analyst Seyffart Discusses Possibility of Solana Spot ETF"},"content":{"rendered":"<p>Bloomberg Intelligence Research Analyst James Seyffart recently discussed the possibility of <strong>Solana<\/strong> ETFs in a special interview with Kitco News Anchor and Managing Editor Michelle Makori.<\/p>\n<p>Seyffart reiterated his previous view that a <a href=\"https:\/\/coinengineer.net\/blog\/crypto-expert-predicts-potential-33-decline-for-bitcoin-after-71000-peak\/\">Bitcoin<\/a> ETF would come before an Ethereum ETF and that there would be a significant delay before other cryptocurrencies see similar approvals.<\/p>\n<p>He pointed to the ongoing lawsuits involving Kraken and Coinbase, which have specifically mentioned <strong>Solana<\/strong>, as evidence that the &#8220;SEC has no problem right now calling <strong>Solana<\/strong> a security.&#8221;<\/p>\n<blockquote><p>You might like:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/coinbase-considering-purchasing-ftx-europe\/\"><strong>Coinbase Considering Purchasing FTX Europe!<\/strong><\/a><\/p><\/blockquote>\n<p>Seyffart noted that even if <strong>Solana<\/strong> were ultimately deemed a commodity, another major hurdle remains: the SEC&#8217;s requirement for a readily surveillable market to prevent fraud and manipulation. Existing Bitcoin and Ethereum ETFs rely on CME futures for this purpose, and such a structure is not currently available for <strong>Solana<\/strong>.<\/p>\n<p>Despite the current political and regulatory landscape, Seyffart does not believe a Solana ETF is likely before 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg Intelligence Research Analyst James Seyffart recently discussed the possibility of Solana ETFs in a special interview with Kitco News Anchor and Managing Editor Michelle Makori. Seyffart reiterated his previous view that a Bitcoin ETF would come before an Ethereum ETF and that there would be a significant delay before other cryptocurrencies see similar approvals.<\/p>\n","protected":false},"author":1,"featured_media":22146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[151,105,3599,319],"class_list":["post-22347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-coinbase","tag-ethereum","tag-james-seyffart","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bloomberg Analyst Seyffart Discusses Possibility of Solana Spot ETF - Coin Engineer<\/title>\n<meta name=\"description\" content=\"James Seyffart recently discussed the possibility of Solana ETFs in a special interview with Kitco News Anchor and Managing Editor Michelle Makori.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/?p=22347\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg Analyst Seyffart Discusses Possibility of Solana Spot ETF - 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