According to a note cited by The Block, Lunde recommended a long SOL and short LTC strategy as the most favorable trade setup in anticipation of potential spot ETF approvals.
He referenced the “Grayscale effect” that previously influenced the introduction of spot Bitcoin and Ethereum ETFs, noting that both Grayscale’s Solana Trust (GSOL) and Litecoin Trust (LTCN) are already publicly traded—positioning them as leading contenders for ETF consideration among altcoins. However, their respective risk profiles vary significantly.
“Solana’s trust has minimal exposure to liquidity outflows, whereas Litecoin’s is more vulnerable,” Lunde stated. “This makes a post-ETF trade of going long on SOL and short on LTC an appealing strategy.”
Unlike altcoins such as XRP or Dogecoin, which lack publicly traded Grayscale trusts, SOL and LTC benefit from existing structures that could streamline their transition to ETF products.
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In a similar development, K33 has introduced a stock offering targeting $8.9 million in funding to purchase 1,000 BTC for its corporate reserves. This move highlights a rising trend among institutions seeking extended exposure to cryptocurrency, following a path similar to MicroStrategy’s Bitcoin acquisition strategy.
With ETF discussions gaining momentum, analysts such as Lunde continue to focus on relative strength trades—where Solana appears poised for leadership, while Litecoin may fall behind.
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