CEO of the investment company Galaxy Digital Mike Novogratz told which crypto asset could become a contender for the launch of a new ETF.

He believes that over the past year, the Solana cryptocurrency has shown the most impressive results. At the end of 2023, SOL was trading around $21, but by March 2024, the coin exceeded $200, showing an increase of more than 850%.

Now SOL closes the top five cryptocurrencies leading by market capitalization. Given Solana’s current position, Novogratz is confident that the altcoin has a good chance of being included in a potential spot ETF.

Mike Novogratz isn’t the only one who believes the next cryptocurrency ETF will be tied to Solana. Recently, a similar point of view was expressed by the CEO of the investment company BKCM, Brian Kelly.