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

BlockBeats news, on October 1, crypto market research institution K33 Research stated in its latest report that after the SEC approved the new general listing rules, Spot ETFs for altcoins such as Solana and Litecoin are expected to emerge in the coming weeks (though government shutdowns may delay the timeline). K33 research director Vetle Lunde noted that within 200 trading days after conversion, the scale of Grayscale Trust's releases for Bitcoin and Ethereum ETFs is equivalent to 50% of its nominal managed assets. “In small altcoins, the percentage difference in circulating supply held by Grayscale, although slight, is crucial for creating opportunities for long and short strategies,” the analyst explained. 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 only holds 0.1% of the circulating SOL supply and has never seen discount trading, 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. Coupled with fewer issuers applying for LTC ETFs, Lunde believes that if ETFs are listed simultaneously, a “go long SOL/short LTC” strategy may be quite attractive.