In crypto breaking news, investment firm Canary Capital has filed for a Solana (SOL) spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). This notable move by Canary Capital comes after crypto asset manager VanEck filed for their proposed spot Solana ETF. This new development has prompted market observers to wonder whether it could propel SOL to a massive 1000% price surge.
Meanwhile, a young altcoin is emerging as a strong contender for the next big crypto sensation: JetBolt (JBOLT). This new crypto coin offers groundbreaking features such as zero gas fees, and an ongoing presale with a growing momentum.
Will Solana take a major jump if a spot ETF is approved, and can JetBolt sustain its explosive presale’s momentum? Read on to find out.
Can Solana’s Spot ETF Propel SOL to New Heights?
Canary Capital's recent application for a Solana spot ETF is spurring discussions among blockchain enthusiasts. The crypto assets manager's proposed spot Solana ETF would allow investors to the Solana market through a brokerage account without the hurdles or risks of purchasing or holding SOL tokens.
As of this writing, SOL has slightly dipped by 2.5% over the past 24 hours and is trading at $175.44. This signifies the recent filing of Canary Capital for a Solana spot ETF hasn't translated into significant gains yet. However, some market experts suggest that if approved by the SEC, the Solana spot ETF could potentially catapult SOL's price upwards.
Earlier this year, the SEC approved Bitcoin (BTC) spot ETFs, wherein the influx of capital into these funds fueled BTC's significant price increase. Some experts predict the same scenario for Solana, which could potentially cause the price of SOL to climb.
There are speculations that new crypto ETFs, such as Canary's proposed spot Solana ETF, could receive the green light from the SEC within this year or next. While some analysts believe that the approval of Solana spot ETFs could push the price of SOL toward a 1000% surge, some experts argue that it may not happen. Such a gigantic leap would require Solana to grow its base of institutional and retail investors, along with other specific factors beyond just the approval of spot ETFs.
As blockchain enthusiasts await SEC's approval of crypto ETFs including Solana's, the price of SOL continues to impress by showing a rebound after important support levels. While waiting for other significant developments to unfold, many crypto whales continue to explore new and innovative tokens—like JetBolt (JBOLT).
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
JetBolt Emerges as a Top Contender in the Race for the Next Big Altcoin
While whales are waiting for progress on the Solana spot ETF, JetBolt (JBOLT) has been making waves of its own. Since its launch, the JetBolt presale has sold over 41 million tokens. This huge milestone for a young presale coin has pushed market watchers and crypto whales to wonder if JetBolt could be the next big altcoin.
JetBolt has been piquing the interest of blockchain whales and crypto buyers for its groundbreaking features. This new altcoin offers a revolutionary zero-gas technology—a breath of fresh air in the crypto landscape where transactions on a vast majority of traditional blockchains would incur high fees.
JetBolt also boasts an innovative AI-powered news and insights tool to help token holders stay informed about the latest crypto news and explore the top trending cryptocurrencies. This tool may appeal to crypto natives who crave innovation and seamless integration of technological advancements and blockchain technology.
With these powerful features, whales and crypto buyers have accumulated JetBolt tokens in a rush, as its presale implements a token presale price increment every 24 hours. During the presale, early buyers can enjoy as much as 25% bonus tokens for batch purchases of JetBolt tokens.
With impressive presale figures, special perks, and cutting-edge utilities, JetBolt continues to attract even more crypto buyers looking to diversify their holdings.
Conclusion – Solana Spot ETF and JetBolt’s Explosive Presale
The coming months could be game-changing for both Solana and JetBolt. If Solana’s first spot ETF gets the nod from the SEC, it might unleash a surge that crypto enthusiasts have eagerly awaited. But in the meantime, fresh cryptocurrencies like JetBolt are gaining massive traction. JetBolt boasts state-of-the-art features and attractive presale benefits, making it a young altcoin to watch in 2024.
For more information about the JetBolt presale, visit:
Official Website: jetbolt.io
Telegram Channel: https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial
This article is not financial advice. Conduct thorough and independent research before acquiring any cryptocurrency, as all crypto assets involve inherent risks and unpredictability.
