CEO of BKCM Predicts Solana Might Be the Next Spot ETF for a Cryptocurrency

    Valeria Bednarik 2024-05-23 15:09:42

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    Brian Kelly, CEO of BKCM, has reportedly speculated that Solana (SOL) may become the following cryptocurrency spot exchange-traded fund (ETF), as reported by Odaily. Following Bitcoin and Ethereum, which have already established a foothold in the ETF market, this forecast is made.

     

    Kelly expressed this forecast in the course of a CNBC appearance. Nevertheless, he refrained from furnishing any precise timeframe or particulars concerning the means by which Solana might attain this status. Notably, the forecast is speculative in nature and should not be regarded as financial advice.

     

    On the cryptocurrency market, Solana is acquiring traction due to its low-cost and high-speed transactions. Potential incorporation into the exchange-traded fund (ETF) industry may enhance its prominence and recognition among conventional investors. Investing with caution is essential, although it is critical to keep in mind that the cryptocurrency market is extremely volatile.

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