Bernstein: Approval of Ethereum Spot ETF Will Raise Market Expectations for Solana and Other Crypto Assets to Be Classified as Commodities

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PANews2024/05/23 11:52

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By:PANews

PANews reported on May 23, according to CoinDesk, that Wall Street investment bank Bernstein stated that if an Ethereum spot ETF is approved, it will raise market expectations for other cryptocurrencies like Solana to be classified as commodities. Bernstein believes that as Ethereum is officially recognized as a commodity, other blockchain assets with similar characteristics, such as Solana, may also be considered commodities, which will have a profound impact on their market status and regulatory framework.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Fusaka hard fork is a major Ethereum upgrade planned for 2025, focusing on scalability, security, and execution efficiency. It introduces nine core EIPs, including PeerDAS, to improve data availability and network performance. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit•2025/12/01 00:57