Solana Price Eyes Breakout as Bitwise CEO Says Faster Unstaking Gives It ETF Edge Over Ethereum
- Bitwise CEO says Solana’s shorter unstaking period favors ETF issuers over Ethereum.
- SEC will decide on multiple Solana and Ethereum ETF applications in October.
- SOL trades above $222 with a potential breakout to $300.
Bitwise CEO Hunter Horsley said Solana could gain an advantage over Ethereum in the race to launch staking exchange-traded funds, citing its faster unstaking process. His comments come as the U.S. SEC prepares to decide on several ETF applications this month.
Bitwise CEO Highlights Solana’s ETF Advantage
Speaking at Token2049 in Singapore, Horsley mentioned that Solana’s shorter unstaking period makes it easier for ETF issuers to meet redemption requests. Ethereum’s withdrawal queue, by comparison, has grown significantly, creating long delays for investors.
“It’s a huge problem,” Horsley said, stressing that ETFs must be capable …
Read The Full Article Solana Price Eyes Breakout as Bitwise CEO Says Faster Unstaking Gives It ETF Edge Over Ethereum On Coin Edition.
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Solana Price Eyes Breakout as Bitwise CEO Says Faster Unstaking Gives It ETF Edge Over Ethereum
- Bitwise CEO says Solana’s shorter unstaking period favors ETF issuers over Ethereum.
- SEC will decide on multiple Solana and Ethereum ETF applications in October.
- SOL trades above $222 with a potential breakout to $300.
Bitwise CEO Hunter Horsley said Solana could gain an advantage over Ethereum in the race to launch staking exchange-traded funds, citing its faster unstaking process. His comments come as the U.S. SEC prepares to decide on several ETF applications this month.
Bitwise CEO Highlights Solana’s ETF Advantage
Speaking at Token2049 in Singapore, Horsley mentioned that Solana’s shorter unstaking period makes it easier for ETF issuers to meet redemption requests. Ethereum’s withdrawal queue, by comparison, has grown significantly, creating long delays for investors.
“It’s a huge problem,” Horsley said, stressing that ETFs must be capable …
Read The Full Article Solana Price Eyes Breakout as Bitwise CEO Says Faster Unstaking Gives It ETF Edge Over Ethereum On Coin Edition.
Читать больше