Outstanding crypto proponent and SkyBridge Capital founder Anthony Scaramucci took to X at the moment and mentioned we are going to get a Solana (SOL) ETF (Alternate Traded Fund). Scaramucci’s remark comes on the heels of constructive strides within the Ethereum (ETH) spot ETF area. Yesterday, the US SEC (Securities and Alternate Fee) authorized the issuance of Spot Ethereum ETFs.
Aside from his crypto ventures, Scaramucci served as White Home Director of Communications from July 21 to July 31, 2017.
Earlier this week, Brian Kelly, founding father of BKCM, made an identical prediction, stating that Bitcoin, Ethereum, and Solana are the large three of this cycle.
Will Solana (SOL) rally with the Ethereum ETF approval?
In accordance with X person ‘borovik,’ the Ethereum ETF will ship SOL to $1000. Reaching $1000 from present ranges would translate to a progress of about 506%.
Nonetheless, the Ethereum ETFs haven’t had the identical impression because the Bitcoin ETFs. The US SEC authorized 11 spot BTC ETFs earlier this yr, sending the crypto market right into a bull run, with BTC hitting a brand new all-time excessive in March. The Ethereum ETF, nonetheless, has not had the identical impression. It’s attainable that the hype across the ETH ETF was a ‘promote the information’ occasion. Nonetheless, it is usually attainable that the rally has been delayed, and can decide up momentum quickly.
In accordance with CoinCodex, Solana (SOL) may surge to $196.41 on June 17, 2024. Hitting $196.41 from present ranges would translate to a progress of about 18.79%.
Changelly, then again, paints a extra bullish image for SOL. The platform anticipates SOL to reclaim the $200 stage in June, hitting $201.87 on June 16, 2024. Reaching 201.87 from present ranges would translate to a progress of practically 22%.
