Sygnum Bank Executive: The likelihood of Solana, Cardano and other cryptocurrencies launching physical ETFs in the United States is relatively low

In an interview, Katalin Tischhauser, Head of Investment Research at Sygnum Bank, stated that the likelihood of Solana, Cardano and other cryptocurrencies launching spot ETFs in the United States is low. Even if they were launched, it might be difficult to attract investors for two main reasons:

1. The U.S. SEC requires approved ETFs to have a trading platform available for market monitoring. However, altcoins like Solana lack such platforms which makes it impossible for the SEC to ensure fair and transparent markets free from manipulation.

2. Compared with Bitcoin and Ethereum, investor demand for ETFs of altcoins like Solana is lower. This can be seen by comparing the asset management scale of Grayscale's Solana Trust (GSOL) and Ethereum Trust (ETHE). GSOL's assets are only 1.2% of ETHE's size indicating limited investor interest.