{"id":827350,"date":"2025-02-16T08:11:44","date_gmt":"2025-02-16T14:11:44","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/16\/cardano-or-solana-which-one-will-get-a-crypto-spot-etf-first\/"},"modified":"2025-02-16T08:11:44","modified_gmt":"2025-02-16T14:11:44","slug":"cardano-or-solana-which-one-will-get-a-crypto-spot-etf-first","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/16\/cardano-or-solana-which-one-will-get-a-crypto-spot-etf-first\/","title":{"rendered":"Cardano or Solana, Which One Will Get a Crypto Spot ETF First?"},"content":{"rendered":"
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\"Crypto<\/a><\/p>\n

The top eight best-performing newbie ETFs last year were ALL crypto-related.\u00a0That\u2019s out of around 740 new ETFs in 2024. This is massive news. It establishes crypto as a legit asset class. Wall Street is also waking up to this news, and these guys can have their reservations!<\/strong><\/h4>\n

Bitwise pointed out another interesting result. Namely, \u201c56% of financial advisors are now inclined to allocate funds to crypto.\u201d <\/span>And this is only the beginning. Recently we saw new filings for Cardano ($ADA) and Solana ($SOL) ETFs. So, which one will be the first crypto spot ETF to get approved?<\/span><\/p>\n

What Is a Crypto Spot ETF?<\/strong><\/h5>\n

A crypto spot ETF is an investment vehicle. So, a crypto spot ETF, like Bitcoin or Ethereum spot ETFs, exposes you to these assets. The spot ETF follows the price movements of the underlying asset.\u00a0<\/span><\/p>\n

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NEW: @EricBalchunas<\/a> and I took a look at the filings for spot crypto ETFs. We\u2019re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.<\/p>\n

Here\u2019s the table with the odds and some other details: pic.twitter.com\/xaXaNXLb0M<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) February 10, 2025<\/a><\/p>\n<\/blockquote>\n

However, your exposure to Bitcoin, or any other asset, is indirect. That\u2019s because you don\u2019t hold the actual underlying asset. The broker that you use holds the actual asset. So, if you buy into a Bitcoin spot ETF<\/a>, you only own a share that you buy on the stock market. But the broker needs to back each share with actual Bitcoin.<\/span><\/p>\n

This means that you don\u2019t have to own a crypto wallet. You also don\u2019t need to use a crypto exchange to buy a crypto asset. The brokers hold this in their respective, secured crypto wallets. So, you don\u2019t need to deal with the at times, complex crypto ecosystem. Especially for people new to crypto, this can be a good option. The convenience is a big reason for their success so far.<\/span><\/p>\n

This model bases itself on the traditional finance world and its investment structures. It\u2019s also regulated, since the SEC needs to approve an ETF. This appeals to both retail and institutions. However, there are also disadvantages. For example,\u00a0<\/span><\/p>\n