On June 18, CoinWorld reported that K33, a digital asset brokerage and research firm, stated that under the more cryptocurrency-friendly regulation of the U.S. Securities and Exchange Commission (SEC), new spot altcoin ETFs may be launched in the coming months, and related approvals could inspire attractive long-short strategies. Currently, eight issuers have submitted applications for a spot Solana (SOL) ETF, and the SEC has requested that they update their applications to include staking information, which may suggest that staking will become part of the Ethereum and Solana ETFs. Additionally, there are ETF applications for other crypto assets like LTC, XRP, and DOGE.
K33 analyst Lunde pointed out that unlike the 'Grayscale effect' seen during the early launches of Bitcoin and Ethereum ETFs, the Grayscale Solana Trust has never traded at a discount, resulting in low holding risks; however, the Litecoin Trust often trades at a discount, and only two issuers have applied for its ETF, which may face capital outflow risks after launch. Therefore, Lunde believes that after the ETF launches, a trading strategy of going long on Solana and short on Litecoin is quite attractive, especially if both are listed simultaneously.

#SEC #ETF #XRP #DOGE