#Solana ETF申请会产生哪些影响？ #币圈观察员

After the VanEck ETF application was submitted, Solana gained 7% in value, indicating that investors are turning their attention to altcoins.
While Bitcoin's price remains relatively stable around the $61,000 level, Ethereum and Solana are rising in the cryptocurrency market amid expectations of approval by US regulatory agencies for their funds traded on their exchanges.
As expected, Ethereum rose by 2.1% to reach $3,444.20. A Reuters report implies 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 boosted Ethereum but also lifted Solana by 7% as VanEck's Solana ETF application is in the spotlight.
However, the upcoming US inflation data, which will be announced soon, may affect interest rate decisions and may 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. The prices of $ADA and $XRP remain unchanged, but $DOGE and Shiba Inu are slightly down.
Galaxy Research's estimate, 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 the Bitcoin ETF in the first five months, with the target of Galaxy analysts being 30%. The limited supply of ETH on centralized exchanges and a portion locked in staking, smart contracts, and bridges is noteworthy. 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.