Cryptocurrency Earthquake! #REX-OSPREYSolanaETF: The first traded fund from Solana threatens Binance's dominance!
After the approval of the U.S. Securities and Exchange Commission for #BitcoinETF and #EthereumETF, Osprey Funds and REX Shares are planning a bold move: **The first traded fund worth $SOL** (expected in November 2024). Why does this create a shakeup in centralized exchanges?
🔥 Expected impacts:
1️⃣ **Liquidity Shift**: The trading volume of SOL moves from Binance to traditional markets (New York Stock Exchange).
2️⃣ **Regulatory Pressure**: Forces centralized trading exchanges like Binance to comply with strict trading fund laws.
3️⃣ **Sharp Price Increase**: Speculation may drive the price of $SOL up by 300% (as was the case after the traded fund following Bitcoin).
⚠️ Binance Concerns:
- Loss of market share to ETFs.
- Institutional investors shifting towards regulatory instruments.
✅ Opportunity:
If approved, Solana will become **the first "Tier 1" platform (after Bitcoin/Ethereum)** to break into the world of traditional finance!
📅 Watch: The final decision of the U.S. Securities and Exchange Commission (SEC) by October 12.