It is now the regulatory opening season for digital assets in the United States – and not only because the new president has published a Solana Memecoin on the eve of its inauguration. Now he and other mecoins are offered as active for a new FNB cryptocurrency FNB slew. In just over a month, the American cryptography market has increased from an absurd quantity of obstruction to an absurd quantity, finally, to absurdity.
Although I can hardly imagine a financial advisor saying to me: “You are slightly under allocated in $ Trump Coin”, the reality is that these new currencies could be valid assets for an ETF. Another point of view is that they are completely useless.
A more generous vision is that they are a form of creative expression. They are not a symphony of Mozart, of course, but these pieces – $ Bonk, $ Pengu – clearly have a cultural value. I can see why some investors, commercial and others, would be interested in an FNB of this type.
This brings us to Solana, which is now essentially the third greatest asset in terms of market capitalization and by far the most important in terms of the use of the network. Bitcoin, although initially planned as a kind of digital cash, has become a digital value store. And Solana took the mantle of a smart blockchain contract with its unique proof of history having the potential to feed all kinds of applications based on blockchain. It is time for an ETF Solana.
Read more: “It’s so early”: how Solana competes with Ethereum for institutional interest
The bases are there. It took 10 long years and a trial for Bitcoin ETF to be approved. After more challenges, an ETHEREUM ETF has also been approved – with an asterisk. Each transmitter which included the provision of “stale” awards in its requests had to strike it. In doing so, the SEC actually said that transmitters (and investors) could not participate in the governance of these blockchains, but could invest.
Consequently, each investor who has joined an ETF ETF since last May has missed the opportunity to win a return on his assets – a return that comes directly from the security of the blockchain himself. If, instead of ETF shares, these investors bought the same amount of Ethereum and marked it out (for example, with Coinbase), they could win, say, 2 to 4% APY, in exchange for letting their eTh be used to keep the blockchain safe. Whatever your policy, and even if you feel cryptocurrencies, the truth is that it disadvates American investors. European investors already have ETPs for other currencies, and they also have access to awards also.
And yet, in the United States, we are still waiting for an ETF Solana of all kinds. And that will certainly not include the clearing to start, as the issuers have learned from the Ethereum case not to include it. In my opinion, ETP APPE approval of ETPs should create the previous one for an ETF of jealous in the United States.
As for knowing why this Stuking FNB should be for Solana, well – the fact that the president’s same was released on Solana is not an accident. It is a popular blockchain that can manage billions of volumes of transactions, even when it is unexpected. Its scalability and power will inevitably be applied to active active people in Tradfi and to any other number of cases of use of the real world. Do not give investors to access invest in this technology via their traditional financial accounts, it is as if we limit investors to invest in Amazon or Google during their first offers. This is why an ETF of Solana should be quickly approved: to give retail and institutional investors access to the next greatest asset after Bitcoin and Ethereum.
In short: Solana is late for an ETF that is its own, and I urge the new management of the dry to approve the applications of which they inherited those who, in particular in gray levels, Vaneck, 21hares, Canary Capital, and even encourage them to reintegrate the rewards of staking in their proposals. (Canary’s request reached a second stage in the dry exam, indicating that it could be approved in due course.)
It is still early, so we must not see the long-term impacts of the approach of this administration in cryptocurrency. But it may be going through a new best frame for Crypto-Asset products. It would be worth media threshing.
