Analyst: If altcoin ETFs are approved simultaneously, the "go long SOL/shorting LTC" strategy will be quite attractive.

On October 1, K33 Research, a cryptocurrency market research organization, stated in its latest report that after the SEC's approval of the new general listing rules, spot ETFs for altcoins like Solana and Litecoin are expected to be launched within weeks (government shutdown may delay the timeline). Vetle Lunde, head of K33 Research, noted that within 200 trading days following the conversion, the scale released by Grayscale Trust for Bitcoin and Ethereum ETFs is equivalent to 50% of their nominal assets under management. "Among small altcoins, the percentage difference in circulating supply held by Grayscale is subtle but crucial for creating opportunities for long and short strategies," the analyst explained, stating that Solana and Litecoin are the most comparable – both have been publicly traded in recent years, while Grayscale's XRP and DOGE products are structured as private sales. Grayscale's Solana Trust holds only 0.1% of the circulating SOL supply and has never traded at a discount, indicating minimal selling pressure after conversion. At the same time, multiple SOL ETF applications and large digital asset treasury strategies further support demand. In stark contrast, Grayscale has controlled 2.65% of Litecoin's circulating supply, and its trust has repeatedly traded at deep discounts – more similar to the previous conversions of GBTC and ETHE. With fewer issuers applying for LTC ETFs, Lunde believes that if ETFs are listed simultaneously, the "go long SOL/short LTC" strategy may be quite attractive.