With Bitcoin and Ethereum exchange-traded funds (ETFs) already approved in the US this year, attention has shifted to a Solana ETF. Two Solana ETF applications from VanEck and 21Shares have already been sent to the United States Securities and Exchange Commission for consideration.
Analysts say that the earliest date for approval is 2025. The exact date depends on the new US administration's direction regarding crypto. However, Solana enthusiasts will prefer that Trump wins, given his vocal support for crypto during his campaign.
Therefore, experts have listed three Ethereum DeFi platforms where you can trade a potential Solana ETF: RCO Finance (RCOF), CurveDAO (CRV), and Chainlink (LINK). Keep reading to discover which one is the best fit for trading Solana ETF.
RCO Finance Offers The Most Profitable Way To Trade Solana ETFs
RCO Finance is a decentralized trading and investment platform that allows users to trade real-world assets (RWA), such as ETFs, stocks, commodities, bonds, etc, with their crypto tokens. Traders can trade these assets without going through brokers and will have full control of their activities. They will also enjoy up to 50x leverage and pay low fees.
Importantly, RCO Finance has integrated artificial intelligence into the trading platform through the AI robo advisor. This advisor utilizes complex algorithms and machine learning techniques to monitor market trends, identify opportunities, and generate actionable trading insights.
For example, the robo advisor can study the market and suggest that today is the best time to sell some of your Solana ETF shares.
The AI robo advisor makes RCO Finance the best platform to trade Solana ETFs profitably.
Curve DAO Reduces Emissions By 6.35%
Curve DAO is an Ethereum DeFi protocol that allows crypto natives to exchange stablecoins for ERC20 tokens. The protocol recently announced that it had cut its inflation rate to 6.35%. This means that only 375,000 CRV tokens will be released daily. This move has also reduced annual emissions to 162.7 million tokens and CRV’s total supply to $2.09 billion.
The decrease in the inflation rate is also welcome news for Curve DAO, which has faced rough times over the past few years. CRV is down by 46.5% over the past 12 months. However, the news of the emissions reduction has helped it gain 29% in the past week.
Analysts say CRV could rise to $0.39 by next month if the momentum generated by the emission news continues.
Chainlink Struggles To Recover Despite New Collaboration
Chainlink is an Ethereum-based data provider for DeFi. The protocol allows other Ethereum DeFi platforms to access reliable off-chain data on-chain. This was the focus of its latest partnership with Superstate, an investment manager leveraging blockchain technology.
Superstate integrated Chainlink’s Data Feeds to provide on-chain net asset value (NAV) data for the Superstate Short Duration US Government Securities Fund (USTB).
This integration will help Superstate deliver accurate information to its investors while allowing them to focus on their primary responsibilities.
Since the integration was announced, LINK has gained 6.6%. However, the token has been down 18.8% over the past month. Analysts say LINK could rise to $25.58 in 2024 as more firms use their net asset value (NAV) data.
Purchase RCOF To Earn Massive Gains While Trading Solana ETFs
RCOF is RCO Finance’s native token. It has a total supply of 800 million, with 50% allocated to public sale. 20% is for ecosystem development, while liquidity/market-making receives 12%.
Private sales and marketing get 5% each, and the team and advisors get 4% and 2%, respectively. The final 2% goes to ecosystem rewards.
In Stage 2 of the presale, the token was sold for $0.0343. Investors who buy RCOF now will earn a 1,066% profit when the token launches at $0.40.
Other perks of owning RCOF include huge discounts on trading fees, voting rights on governance proposals, and up to 88% APY from staking RCOF. Token holders also earn dividends based on the amount of tokens they have.
Therefore, smart traders buy RCOF to enjoy huge profits and other benefits while trading RWAs.
For more information about the RCO Finance Presale: