Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#Solana ETF申请会产生哪些影响? #币圈观察员
After the VanEck ETF application, Solana gained 7%, indicating that investors are turning their attention to altcoins.
While the price of Bitcoin is still relatively stable at $61,000, Ethereum and Solana are rising in the cryptocurrency market with the expectation of approval of funds traded on their own exchanges by US regulatory agencies.
As expected, Ethereum rose 2.1% to reach $3,444.20. A Reuters report suggests that the U.S. Securities and Exchange Commission could approve a spot Ethereum ETF as early as next week. The anticipated regulatory approval not only supported Ethereum but also boosted Solana by 7% as VanEck's Solana ETF application was implied.
However, as the upcoming US inflation data may affect interest rate decisions, it may also impact the strength of digital tokens against fiat currencies, so overall market sentiment still needs to be cautious. Sentiments around altcoins are mixed, with different performances in different areas. $ADA and $XRP prices remain unchanged, but $DOGE and Shiba Inu are slightly declining.
The estimate from Galaxy Research, which further supports the rise of ETH, indicates that the monthly net inflow of $ETH ETF could be around 1 billion dollars when approved. This potential inflow is expected to constitute 20-50% of the inflow attracted by Bitcoin ETF in the first five months, with the target of Galaxy analysts being 30%. It is noteworthy that ETH has limited supply on centralized exchanges and a portion locked in staking, smart contracts, and bridges. In a period when the crypto market eagerly awaits regulatory decisions, the potential approval of ETH and Solana ETFs could reshape the digital asset landscape, question Bitcoin's dominance, and provide new examples for the future of crypto investments.
#GateioInto11 #ContentStar