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Will the Solana Spot ETFs, claimed to be the future, ignite an altcoin season tomorrow? Analyst shared their opinion!
Crypto analyst Simeon Koch commented that the approval of the (SEC) Solana spot ETFs by the US Securities and Exchange Commission represents a historic milestone for the altcoin market.
Solana Spot ETF is Coming with Staking Feature
With the official announcement following the first announcement made by REX Shares, Solana (SOL) has become the third cryptocurrency to receive spot ETF approval in the US after Bitcoin and Ethereum. However, what makes Solana special is that these ETFs also offer staking returns.
The new fund named REX-Osprey Solana and Staking ETF offers investors access not only to SOL price movements but also to on-chain rewards obtained through staking. Traditional investors will now be able to invest in SOL through ordinary brokerage firms without the need for crypto exchanges or complex technical operations, and earn regular staking returns. The official exchange launch of the fund has been announced for July 2, 2025.
This ETF will operate under a special structure known as a "C-Corporation" from a technical and legal standpoint. This structure allows for the seamless transfer of staking returns to investors in terms of taxes and regulations. Unlike traditional crypto funds, staking profits can be integrated into the ETF structure without the need for additional SEC approval processes.
According to Koch, this development could open a new chapter for Ethereum ETFs as well. Until now, staking, regulations, and tax complexities have been prohibitive for many ETFs. However, the C-Corp model used in the Solana ETF could also be applicable to Ethereum in the future. Still, the longer lock-up periods and technical risks associated with staking processes on the Ethereum network make this process more complex. Therefore, for now, the staking option is not included in Ethereum ETFs.
The SEC's approval of the Solana ETF could increase institutional interest not only in Solana but in the entire altcoin sector, according to Koch. The SEC's silent approval of this ETF indicates that it is not fundamentally opposed to staking; however, it expects a compliant financial structure. This could open the door for new ETF applications for other altcoin projects like Avalanche and Litecoin.
What Changes Could Occur with the Solana ETF?
The approval of the fund may facilitate the integration of the staking model with traditional finance, while also changing the "speculative" perception of altcoins. With this new wave, interest in projects that have strong infrastructure, scalability, and institutional compliance potential may increase.
Although the ETF approval had been long awaited in the crypto community, it did not create an instant excitement in the market. Many altcoins, including Solana, fell to low levels as they entered the low-volume "summer lull" period. While Bitcoin continued to hover near its historical peaks, capital outflows from altcoins were observed.
However, Koch considers this situation to be temporary. He reminds that a similar delayed rise was experienced in the past with Bitcoin and Ethereum ETF approvals. Indeed, Ethereum outperformed Bitcoin in the second quarter of the year: ETH increased by 36% while BTC remained around 30%. According to the analyst, this situation is seen as a signal indicating that the altcoin season is approaching in classical cycles.
According to Koch, if the Solana ETF encounters strong investment demand and similar structures emerge for other altcoins, a new altcoin season in the crypto market could come from Wall Street this time.
Simeon Koch's comment concludes as follows:
"The Solana ETF is not just an investment product, but also a symbol of the integration of altcoins into traditional finance. If successful, this could mark the beginning of a new era not just for Solana, but for the entire altcoin market."