The CEO and founder of an investment firm that specializes in digital currencies is anticipating the approval of the next cryptocurrency exchange-traded fund (ETF). Brian Kelly, the head of BKCM LLC, recently discussed the possibility of the U.S. Securities and Exchange Commission (SEC) approving Ethereum (ETH) ETF applications in the near future. However, Kelly believes that Solana will be the next digital asset to receive ETF approval. He believes that Solana, along with Bitcoin and Ethereum, will benefit greatly from the expanding crypto market and increased trading opportunities.
Kelly also highlighted the shifting regulatory landscape in Washington D.C., noting that it is becoming more favorable towards the crypto industry. He mentioned that a viral clip of former President Trump endorsing crypto had an impact on the attitude towards cryptocurrencies in Washington. Kelly stated that recent pro-crypto votes and a change in the President’s stance indicate a positive regulatory environment for the industry.
It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before engaging in high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this article is originally published, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it serve as an investment advisor.