These Solana Meme Coins are set to explode as the SOL ETF hype intensifies

With Ethereum spot ETFs likely to receive SEC approval today, May 23, the hype for Solana ETFs is now taking over, even reaching the mainstream public.

In an interview with CNBC, BKCM CEO Brian Kelly revealed that Solana’s spot ETFs could be next to get the SEC’s green light. It’s also not the only one how Matrixport co-founder Daniel Yan he had similar thoughts.

Solana has already been the protagonist of this bull cycle and ETFs could enhance its rally by stimulating institutional investments.

The Solana meme coin market is already abuzz as smart money traders are trying to get ahead of the ETF hype. Dogwifhat and Bonk look like they’re about to explode, while Dogeverse AND Sealana they are considered as the next 100 Solana meme coins.

Why could the approval of the Spot Ethereum ETF pave the way for Solana ETFs?

Ethereum ETF spot approval now appears to be imminent, with BlackRock and other issuers submitting changes 19b-4 filing on Wednesday.

The amended documentation removed all staking provisions, ensuring that no portion of a Fund’s Ethereum can be staked to generate additional income. This likely eliminates the final point of contention between the SEC and issuers.

SEC Division of Trading and Markets everything is now ready to approve the 19b-4 today, May 23rd. Bloomberg analyst James Seyffart believes the Division of Corporate Finance’s approval of the S-1 could take a few more weeks.

All eyes now turn to potential Solana ETFs. The SEC has labeled Solana a stock in several lawsuits, which could pose a potential hurdle for its spot ETFs.

However, the recent due to Consensys against the Commission explicitly states that the SEC also looks at ETH as a security Unless the SEC surprisingly abandons its claims about the status of ETH, the spot approval of the Ethereum ETF could very well pave the way for Solana ETFs.

Bloomberg analyst James Seyffart believes a CFTC-regulated futures market could ease the way for Solana’s spot ETFs, as could congressional market structure bills like the recently passed FIT21.

Both the Biden and Trump campaigns are vying for support from cryptocurrency investors. Considering the Biden administration is allowing Ethereum ETFs to be approved, Trump could potentially promise Solana, Dogecoin, or Litecoin ETFs.

Solana Meme Coins Set for Rally, Dogeverse and Sealana Could Be the Next 100x Tokens

Solana meme coins continue to act as leveraged bets on SOL, offering much higher returns in the same direction as the native token.

Dogwifhat and Bonk are expected to maintain their bullish trajectories, especially after the Solana ETF hype. Meanwhile, the new small-cap tokens Dogeverse and Sealana could potentially be the next Solana meme coins to explode.

For example, the famous YouTube trading expert TodayTrader is convinced of this Dogeverse could be the next 1000x Solana meme coin.

Thanks to its revolutionary multi-chain concept, Dogeverse will be launched on the popular DEX and CEX of 6 different blockchains. In fact, it is the first meme coin to launch simultaneously on Ethereum, Solana, Base, Polygon, BNB Smart Chain and Avalanche.

This strategy could play a key role in maximizing the price potential of the meme coin by attracting widespread attention among chains. Token holders can also enjoy the best features of each blockchain, such as earning staking rewards on Ethereum.

It is not without reason that the Dogeverse presale has already raised over 15 million dollars.

In the meantime, Sealana is another new meme coin that experts say is a Solana gem. Popular trader Jacob Bury even mentioned that $SEAL is the best meme coin to buy now and that it could potentially offer 100x returns.

Sealana’s pre-sale raised nearly $2.5 million in its first few weeks.

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