Bernstein: The approval of the ETH spot ETF is expected to increase the classification of SOL as a commodity

ChainCatcher news, according to Coindesk, the economist Bernstein stated in a research report that if the U.S. approves a spot Ethereum ETF, this action would be seen as a significant regulatory easing for the cryptocurrency industry and increase expectations for ETH competitor SOL to be classified as a commodity.

Analysts Gautam Chhugani and Mahika Sapra wrote: "In the long run, we do believe that if Trump is elected, cryptocurrencies could receive strong legislative and institutional support (new SEC chairman), leading to a lasting structural change in cryptocurrency financial integration. Strategically, the approval of a spot Ethereum ETF would set a precedent for the first non-Bitcoin blockchain asset to be considered a commodity, thereby enhancing the hopes for Ethereum competitors (possibly Solana) to follow the same path."