The broader crypto market has surged today on the back of buzz surrounding the potential approval of the Spot Ethereum ETF by the U.S. SEC. However, amid this excitement, Matrixport co-founder Daniel Yan’s recent comments have ignited discussions over Solana and its potential impact on the SOL price movements. In addition, it has also fueled speculations and buzz over Solana ETF in the U.S.
Ethereum ETF Optimism Boosts Solana Prospects
Ethereum’s price has skyrocketed nearly 20% in the past 24 hours, driven by optimism over the potential approval of a Spot Ethereum ETF. Daniel Yan, co-founder of Matrixport, shared his insights on this market development.
In a recent X post, he suggested that while the popular trade might be to buy Ethereum, investors should consider buying Solana (SOL) against Ethereum (ETH). Notably, Yan highlighted three reasons for this strategy: Solana could be the next candidate for an ETF, the ETH/BTC pair gained 12% after Bitcoin’s ETF approval, an
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