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The founder and CEO of an investment firm\u00a0specializing in digital currencies is looking\u00a0down the line\u00a0for the next crypto exchange-traded fund (ETF).<\/p>\n
In a new CNBC interview, BKCM LLC head Brian Kelly\u00a0reacts to speculation<\/a> that the U.S. Securities and Exchange Commission (SEC) could approve<\/a> Ethereum (ETH<\/a>) ETF applications as soon as tomorrow by naming which digital asset he expects to receive ETF approval next.<\/p>\n \u201cI think you\u2019ve\u00a0got to think about Solana as probably the next one, right? Bitcoin, Ethereum, and Solana. Now, we have some clarity about what a security is and what isn\u2019t, and they\u2019ll be able to list a lot more crypto, which means a lot more trading for them. So, I think they\u2019re the biggest beneficiaries from the change that\u2019s gone on.\u201d<\/em><\/p>\n According to Kelly, this crypto landscape in Washington D.C. is shifting\u00a0rapidly,\u00a0and in favor of the crypto industry.<\/p>\n \u201cIn general, what this has done is changed the landscape for crypto.\u00a0<\/em><\/p>\n In May, Trump\u00a0was asked\u00a0a 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\u00a0votes\u00a0over the last several days that were pro-crypto. The President said he\u00a0was going to\u00a0veto\u00a0those,\u00a0and then\u00a0kind of\u00a0backed off. <\/em><\/p>\n So, I think there\u2019s been a sea change here in the regulatory environment, and it\u2019s a welcome one from the industry.\u201d<\/em><\/p>\n