- If Altcoin ETFS SEC receives approval, a long solana, short Litcoin trading strategy can be attractive.
- The Sol Trust of Grassscale represents 0.1% of the circulating supply of Solana and has never traded below its net property value.
- The LTC trust of the firm consists of 2.65% of the circulating supply of LiteCoin and is often traded at a stable discount for its underlying assets.
The impact of Grancale compared to LiteCoin (LTC) in Solana (SOL) is less likely to be affected by potential supply pressure, if the Securities and Exchange Commission (SEC) approves Altcoin Exchange-Traded Fund (ETF).
Selana and LiteCoin ETFS fuel idea -further than SEC decision
Solana and Litcoin can see the spirit of the investor if the SEC noted in Tuesday’s report to the head of the research, the head of the research, the weightlon Lunde, the Vetle Lunde.
Lunde mentioned that if Altcoin ETF is launched, a “long sole, short ltc” business may be attractive, cited the difference in the trading history of Solana and Litcoin Trusts of Grassscale.
The firm’s Solana Trust, which launched the trade in 2023, represents only 0.1% of the circulating sool supply and has never traded below its net property value (NAV). The K33 mentioned that it removes the risk of additional supply killing the market if the Sol Trust of Grassscale is converted into an ETF.
On the other hand, the Grassscale Litcoin Trust, which had become public earlier compared to its Solana counterpart, traded during the 2022 bear market and at the standing discount for most 2025.
Lunde said that Grassscale has a large part of LTC’s circulating supply – 2.65%. Given its history of business at a discount, the Litcoin Trust of the firm may experience significant outflow on conversion into an ETF.
“We see a long sole, short LTC business in an attractive form after the ETF is launched, assuming that they are around the same time. Given the history of sharp reactions to the positive news of LTC, we will wait after the launch after a few days before acting.”
Grassscale Sol and LTC Trust. Source: K33 Research
Intensive outfits of Grassscale Bitcoin and Ethereum Trusts pressurized BTC and ETH ETFs during their respective launch last year. However, many other products were able to offset the outflow to a large extent from Grassscale.
Unlike bitcoin and atherium ETFs, Grassscale is one of only three issuers, with canary capital and coinser to an LTC ETF, “means that the low issuer is present to offset the potentially outflow,” the report states.
The K33 predicts the US Securities and Exchange Commission (SEC), which approves generic listing standards for Crypto ETFs. The regulator is expected to decide on Litcoin and Solana ETF filing in early October, which was later before deciding on other funds.
Solana and Litcoin trade $ 210 and $ 107, 2% and more than 0.1% respectively in the last 24 hours.
