Altcoins
Ether ETF (ETH) speculation 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 foreign exchange market. With renewed hopes of a spot ETH ETF, traders would like to take their ETH shorts against SOL and other tokens,” Ilan Solot, co-head of digital assets at Marex Solutions, said in an interview. “The unwinding of shorts will occur over time, ensuring ether outperformance in the near term.”