On June 19, SkyBridge’s founder, Anthony Scaramucci, made a daring prediction in regards to the cryptocurrency panorama on the DigiAssets 2025 convention, saying that Solana will surpass Ethereum in market place sooner or later.
Anthony Scaramucci revealed that he solely entered the cryptocurrency area in 2020 and initially neglected Ethereum, solely later gaining a deeper appreciation for Solana.
(Supply: KENSON INVESTMENTS)
Scaramucci revealed that SkyBridge Capital holds 9 figures price of Bitcoin and Solana on its stability sheet, with round 40% of consumer funds invested in digital belongings.
The agency additionally manages a $300 million crypto fund that possible consists of SOL, Avalanche, Polkadot, and Bitcoin. Nevertheless, he didn’t reveal the precise timing when Solana would possibly flip Ethereum in market cap.
Solana ETFs Doubtless to Get SEC Approval In July
The assertion comes amid a wave of recent Solana ETF filings from its issuers after the Securities and Change Fee (SEC) requested issuers to submit S-1 filings with amendments. After that, seven ETF issuers have submitted S-1 filings with amendments. There’s a buzz in the neighborhood that Solana ETF might get a inexperienced sign from the SEC.
The chances on the prediction market, Polymarket, counsel that the chances of the SEC approval are round 70%
Nevertheless, Bloomberg senior ETF analyst James Seyffart mentioned that “Delays on spot crypto ETFs are anticipated. If we’re gonna see early approvals from the SEC on any of those belongings — I wouldn’t anticipate to see them till late June or early July at absolute earliest.”
Amid the growth within the cryptocurrency market below US President Donald Trump’s pro-crypto stance, many altcoin ETFs are awaiting approval. For instance, the SEC is anticipated to present an replace on Franklin Templeton’s submitting to launch a spot XRP ETF after suspending its determination in Could.
Solana Faces Main Consolidation Section: Making ready for Breakout?
The SOL token remains to be going through turbulence and passing by way of a serious consolidation zone, dipping in worth. In per week, SOL has dropped by 9.05%, declining from $158 to $143, in accordance to CoinMarketCap.
On the time of writing, Solana is buying and selling at round $143.68. Nevertheless, bullish indicators like rising buying and selling quantity, ETF curiosity, and a powerful technical sample counsel extra positive aspects forward. Solana’s DeFi ecosystem can be rising, with $8.31 billion now locked in its protocols.
Regardless of a dip in its value, if SOL surpasses the important thing degree of $170, it might create a serious breakout in its value and spark one other rally. However, memecoin mania continues with LILPEPE’s sizzling presale.
Additionally Learn: XRP Price To Chase $4 High With This Pattern Breakout
