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Spot Solana ETF Speculation Spikes

ETF.com sent this email to their subscribers on June 11, 2024.

Social media posts about the fifth largest cryptocurrency by market value have risen. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Social media posts about the fifth largest cryptocurrency by market value have risen. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Sponsored by John Hancock Investment Management Good morning, Chatter about the next potential spot cryptocurrency ETF has spiked on the social media platform X. After the debut of spot bitcoin ETFs in January and the likely imminent launch of spot ether funds this summer, investors are wondering whether Solana exchange-traded funds will be next. The fifth most valuable cryptocurrency by market cap after bitcoin and ether—and arguably the third most popular—SOL is the native cryptocurrency of the Solana blockchain. It currently has a $74 billion market cap versus $1.4 trillion for bitcoin and $442 billion for ether. But despite its smaller size, SOL has an enthusiastic base of investors who are convinced that Solana will play a major role in crypto’s future. Solana is a smart contract platform that offers similar functionality to Ethereum. But while Ethereum prioritizes decentralization, Solana prioritizes speed and cost efficiency. It’s a legitimate project and SOL has potential as an investment, but there is a much steeper hill to climb for SOL ETFs compared to spot bitcoin and ether ETFs. The biggest headwind is the lack of regulated futures contracts for SOL. By Sumit Roy comparing screens INDEX FUNDS SPY VS XLG: BATTLE OF THE S&P 500 ETFS In the large and ever-expanding world of exchange-traded funds, there are multiple ways to gain exposure to an index, even one as mundane as the S&P 500. Since U.S. mega-cap tech stocks are leading the market, it’s only natural that the largest and oldest U.S.-traded ETF, the SPDR S&P 500 ETF Trust (SPY), faces a challenge from a more concentrated, tech-heavy index fund like the Invesco S&P 500 Top 50 ETF (XLG). Read More Facebook icon X icon LinkedIn icon Nvidia sign CLOSURES BLACKROCK SHUTTERS 8 ETFS INCLUDING BECO ESG FUND BlackRock Inc., whose iShares unit is the world's biggest manger of ETFs, will shutter eight exchange-traded funds that cover a range of areas including sustainability, technology, commodities, and fixed income, the company said Monday. The closings, which will be effective at the end of trading on Aug. 12, will include the BlackRock Future Climate and Sustainable Economy ETF (BECO), the BlackRock Future Tech ETF (BTEK), iShares Gold Strategy ETF (IAUF), and iShares USD Systematic Bond ETF (USBF). Read More Facebook icon X icon LinkedIn icon SPONSORED BY JOHN HANCOCK INVESTMENT MANAGEMENT Shell THE ETF INDUSTRY CONTINUES TO EVOLVE The ETF industry has seen remarkable growth, as assets held within U.S.-listed ETFs have soared to record highs while issuers continually evolve to meet the changing needs of investors. As the industry expands beyond its passive origins, ETFs now provide exposure to increasingly innovative and complex investment strategies. John Hancock Investment Management shares their insight on what investors should consider when thinking about adding an ETF to their portfolio. Read More Advisor Upside badge WHAT’S THE FUTURE OF COMMODITY & CRYPTO INDEXES? In this episode of Exchange Traded Fridays, etf.com Senior Analyst Sumit Roy and etf.com Wealth Management Editor Jeff Benjamin sit down with Jigna Gibb, Head of Commodities Index Products at Bloomberg, to learn more about her firm’s approach to commodity and crypto indexes. Subscribe on Apple podcasts Spotify Podcasts Listen Now MORE EXCHANGE What Is Solana and Will There Be a SOL ETF? Spot Ethereum ETF approval has fueled speculation about a Solana ETF. Read More TLT, IBIT Fueled $13B Inflows Last Week Last week's net flows, which included $12 billion into VOO, push year-to-date total to $324.7 billion. Read More How Deglobalization Presents Opportunities for Investors. Learn More* NANC vs KRUZ: Battle of the Congress Stock Trackers One of these congressional insider-inspired ETFs is beating the S&P 500. Read More Webinar Tomorrow The experts at Boston Partners, portfolio managers of John Hancock Disciplined Value International Select ETF, join etf.com on June 12 at 2:00 PM ET where they're uncovering value within international developed-market equities. Attendees will receive 1 CE credit. Register Today *Sponsored Content TALK ETFS VIDEO The SEC made a big move when it approved the 19b-4 filings from several would-be spot Ethereum ETF issuers on May 23. But the spot ether ETF saga isn’t over. What are the next steps before these funds can officially go live? And what happens when they do? In this episode of Talk ETFs, etf.com Senior Analyst Sumit Roy sits down with Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, to discuss. Watch Now  LinkedIn Icon  X Icon  Instagram Icon  Facebook Icon  YouTube Icon Advertise With Us Want more ETF news delivered straight to you?  Register for free at etf.com for unlimited access to news and trusted data, and gain expert analysis from our other exclusive subscriber-only newsletters. You received this message because you are subscribed to etf.com’s Morning Exchange newsletter. If a friend forwarded you this message, sign up here. Sent by etf.com, 575 5th Ave, 14th Floor, New York, N.Y. 10017  
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