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Cryptocurrency News Articles
BKCM CEO Brian Kelly Names the Crypto Asset He Expects to Receive an ETF Approval Next After Bitcoin and Ethereum
May 24, 2024 at 03:55 am
The founder and CEO of an investment firm specializing in digital currencies is looking down the line for the next crypto exchange-traded fund (ETF).
BKCM LLC founder and CEO Brian Kelly shared his thoughts on the next crypto exchange-traded fund (ETF) in an interview with CNBC on Thursday. He believes Solana (SOL) ETF applications could be approved next.
When asked about the next ETF after the U.S. Securities and Exchange Commission (SEC) approved two Bitcoin (BTC) ETF applications, Kelly said, “I think you’ve got to think about Solana as probably the next one, right? Bitcoin, Ethereum, and Solana.”
He added, “Now, we have some clarity about what a security is and what isn’t, and they’ll be able to list a lot more crypto, which means a lot more trading for them. So, I think they’re the biggest beneficiaries from the change that’s gone on.”
Regarding the crypto landscape in Washington D.C. shifting in favor of the crypto industry, Kelly said, “In general, what this has done is changed the landscape for crypto.”
He continued, “In May, Trump was asked a question about crypto. He said if you want crypto, vote for Trump. That clip went viral and actually changed things in Washington. We saw multiple votes over the last several days that were pro-crypto. The President said he was going to veto those, and then kind of backed off.”
“So, I think there’s been a sea change here in the regulatory environment, and it’s a welcome one from the industry,” he added.
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