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According to crypto experts, Solana might face several challenges in becoming the next ETF after BTC and ETH 1/ Regulatory concerns: The SEC has flagged Solana as a security in previous lawsuits which complicates the approval process, though many argue it was the same for ETH
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2/ Lack of Futures Market: Unlike Bitcoin and Ether, Solana doesn’t have an existing futures market on the Chicago Mercantile Exchange (CME), which is a significant factor for the SEC when considering ETF approvals
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3/ Market Maturity: Solana’s market is still considered less mature as compared to Bitcoin and Ether, raising concerns about market manipulation and stability.
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