Altcoin
Speculation in Ether ETFs (ETH) could weigh on SOL and the broader altcoin market
“ETH has been a de facto funding token of this bull cycle, similar to the low-yielding Japanese yen in the currency market. With renewed hopes for a spot ETH ETF, traders would like to balance their ETH shorts against SOL and other tokens ” Ilan Solot, co-head of digital assets at Marex Solutions, said in an interview. “The liquidation of short positions will occur over time, ensuring ether outperformance in the near term.”