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Gate Square New & Returning Creator Rewards are ongoing!
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【GalaxyDigitalCEO: Not ruling out the possibility that the SEC may allow the issuance of Solana ETF in the United States in the medium term】
Galaxy Digital CEO Mike Novogratz said the Securities and Exchange Commission (SEC) may allow the issuance of a cryptocurrency ETF investing in Solana (SOL) in the United States in the mid-term. Novogratz said institutional investors would be willing to use this tool to enter the altcoin market, which is considered one of the main competitors to Ethereum.
In addition, GSR expects SOL rates to strengthen several times after the ETF is issued. After Donald Trump took office, he may launch a Spot Solana-ETF. This politician has recently been publicly supporting initiatives to develop the US cryptocurrency market.
An analyst recalled that in October, the trading price of Bitcoin was $23,000, when the expert community first allowed the issuance of spot funds to invest in the largest cryptocurrency. Since then, BTC's value has increased by 130%. GSR analysts believe that Solana can follow a similar path.