With the approval of Ether (ETH) feature switch-traded funds (ETFs), the crypto neighborhood is buzzing with hypothesis about which digital asset is inclined to be next. Experts possess various opinions on the doubtless candidates, with names indulge in Solana, Dogecoin, XRP, and Litecoin emerging as frontrunners.

Joe McCann, founder, CEO, and CIO of Asymmetric, believes Solana is the more than doubtless candidate. “I include Solana is more than doubtless going to be next,” McCann talked about on the most up-to-date episode of Bits + Bips. He renowned that despite some regulatory uncertainties, Solana has garnered main hobby from each the crypto neighborhood and frail finance sectors. Many investors gape Solana as a promising replacement, particularly for these that neglected out on the Ethereum enhance.

Then again, no longer each person is of the same opinion.

Whilst he concedes that SOL would gape the “most ask,” James Seyffart, research analyst at Bloomberg Intelligence, argues that Dogecoin or Litecoin is inclined to be more inclined to score the nod.

Noting that the SEC had finest ever hinted that it viewed ETH as a security, he tweeted, “Those complaints in opposition to COIN and Kraken and others flat out speak ‘Solana is a security’ lol. Which might maybe very without bid invent this a in actuality rocky road.” (SOL turned into named as a security by the SEC in its complaints in opposition to Coinbase, Kraken, and Binance.US.)

Seyffart emphasised the importance of a regulated futures market, which is a key consideration for the U.S. Securities and Exchange Commission (SEC) when approving ETFs. “I don’t include Solana is coming anytime quickly,” he talked about. “Dogecoin or Litecoin, more than doubtless even earlier.” He defined that the SEC looks for a liquid and controlled futures market, a criterion that Dogecoin and Litecoin might maybe meet sooner than Solana.

The role of futures markets is main on this discussion. The Commodity Futures Shopping and selling Commission (CFTC) regulates the futures markets for Bitcoin and Ethereum, which helped pave the attain for his or her ETFs. Unless a equivalent market exists for Solana, its chances of approval stay dangerous.

Alex Kruger, founding father of Asgard, suggested that Solana and Dogecoin each possess most likely, searching on the enhance of their futures contracts, even though acknowledging he doesn’t “possess a stable knowing.”

The apt feature of XRP also performs a role. Seyffart talked about that the outcomes of the ongoing lawsuit in opposition to XRP might maybe influence its chances. If XRP isn’t very any longer labeled as a security, it’ll pave the attain for its ETF, supplied there’s a regulated market for it.