Analyst recommends a long Solana, short Litecoin position ahead of potential spot ETF launches according to a note reported by The Block.
The analyst cites the Grayscale effect, highlighting Grayscale's Solana Trust (GSOL) and Litecoin Trust (LTCN) as potential front-runners for ETF inclusion.
Solana's trust has lower liquidity risk compared to Litecoin's, making trading long SOL and short LTC post-ETF launch attractive.
Solana and Litecoin have better ETF inclusion prospects due to existing infrastructure, unlike altcoins such as XRP or Dogecoin.
K33 launches a stock issuance plan to raise $8.9 million for acquiring 1,000 Bitcoins, reflecting institutional strategies for long-term crypto exposure.
Speculation around ETFs prompts analysts to focus on relative strength plays, with Solana expected to lead and Litecoin possibly lagging.