Solana
Anthony Scaramucci predicts the next SOL ETF
Anthony Scaramucci, prominent crypto proponent and founder of SkyBridge Capital, spoke to X today and said that we will get a Solana (SOL) Exchange Traded Fund (ETF). Scaramucci’s comment follows positive progress in the Ethereum (ETH) spot ETF arena. Yesterday, the US SEC (Securities and Exchange Commission) approved the issuance of Spot Ethereum ETF.
Also Read: SEC Approves All Spot Ethereum ETFs
We will get a $ SOL ETFs, get ready.
-Anthony Scaramucci (@Scaramucci) May 24, 2024
In addition to his crypto projects, Scaramucci served as White House communications director from July 21 to July 31, 2017.
Earlier this week, Brian Kelly, founder of BKCM, made a similar prediction, stating that Bitcoin, Ethereum and Solana are the big three in this cycle.
Will Solana (SOL) Rally on Ethereum ETF Approval?
According to user X “borovik,” the Ethereum ETF will send SOL to $1,000. Reaching $1,000 from current levels would result in growth of approximately 506%.
Also Read: Solana: Can SOL Claim $200 Before End of May 2024?
However, Ethereum ETFs have not had the same impact as Bitcoin ETFs. The US SEC approved 11 spot BTC ETFs earlier this year, propelling the crypto market into a bull run, with BTC hitting a new all-time high in March. The Ethereum ETF, however, has not had the same impact. It is possible that the hype around the ETH ETF was a “sell the news” event. However, it is also possible that the recovery has been delayed and will soon accelerate.
Also Read: Solana (SOL) Will Follow Bitcoin, Ethereum as the Next Crypto ETF?
According to CoinCodex, Solana (SOL) could reach $196.41 on June 17, 2024. Reaching $196.41 from current levels would translate to approximately 18.79% growth.
Changelly, on the other hand, paints a more optimistic picture for SOL. The platform expects SOL to regain the $200 level in June, reaching $201.87 on June 16, 2024. Reaching 201.87 from current levels would translate to almost 22% growth.