With the introduction of Bitcoin ETFs, the landscape of digital asset investment has transformed, providing a regulated and accessible way for investors to gain exposure to cryptocurrencies.

The impact on Bitcoin was significant, making it essential to explore the potential effects of these financial instruments on Ethereum and Solana.

Are we going to the moon!? 🌚

The Success of Bitcoin ETFs

Let's review some metrics to understand the impact of Bitcoin ETFs this year:

• Record-Breaking of Fastest $10 billion AUM (Assets Under Management) 
  The iShares Bitcoin ETF (IBIT), launched by BlackRock, set a new benchmark by reaching $10 billion in AUM within just seven weeks of its launch.
  → This made it the fastest ETF to achieve this milestone, surpassing the previous record held by SPDR Gold Shares, which took over two years to reach the same AUM​.

• Record-Breaking Daily Inflows
  IBIT set also a record for daily inflows with $788.3 million in a single day!

• Price Surge and new A.T.H.

  Strong investor demand pushed Bitcoin to a new All-Time-High of $73 780
  

Pretty crazy 👀

Ethereum Power

Bitcoin has been in the spotlight this year, but many have overlooked Ethereum, its quieter sibling.

Ethereum is patiently waiting on the sidelines, ready to outperform Bitcoin. If it draws as much institutional interest as Bitcoin, we could see Ethereum break its all-time high of $4,878 within weeks and certainly rise to $6,000-$7,000.

However, to achieve even higher levels, relying solely on ETFs this year won't be enough; we’ll need an increase in retail demand to aim for the $10,000 mark per ETH.

However, a surge in Ethereum's price due to ETFs could mark a turning point in how retail investors perceive crypto, potentially sparking a phase of euphoria.

Solana’s Rise

Very few institutions have yet filed for spot Solana ETFs, and it's still uncertain whether these ETFs will be approved by the SEC.

However, if they are approved, Solana would immediately climb to the #3 spot in the crypto charts, behind Ethereum. Its price would likely quickly surpass its all-time high and move past the $300 mark.

Yet, institutional interest might not increase significantly. This is partly because we don't expect all institutions to file for this ETF, leading to limited liquidity, and partly because it's harder for companies to justify this move to their boards : Solana is a young cryptocurrency with a roller coaster history.

Nonetheless, a spot Solana ETF would position Solana as the new Eldorado, and we anticipate the strongest retail demand in years for this cryptocurrency. Consequently, its price could skyrocket even further to $400-$500.

These projections represent only our optimistic outlook on the potential impact of ETFs.

However, as with any investment, it's essential to consider all factors and remain aware of the inherent volatility in the cryptocurrency market.

Enjoy the summer,

TheCryptoPicks ❤️