Ether ETF opens the floodgates for Solana ETFs and crypto products: Analyst

The market could even see the launch of new crypto ETFs with mixed exposure to Bitcoin and Ether, according to prominent ETF analyst Balchunas.

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The launch of the first spot Ether exchange-traded funds (ETFs) has opened the floodgates for more crypto exchange-traded products, including a potential Solana-based ETF.

The imminent launch of the first batch of spot Ether (ETH) ETFs will pave the way for more crypto ETFs, according to Eric Balchunas, a senior ETF analyst at Bloomberg.

The analyst expects more products based on Ether and Solana (SOL), he wrote in a July 15 X post:

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