Google Gemini names the next Crypto to get an ETF

Alphabet Inc’s Google division is making big strides with its AI chatbot, Gemini. Among the big AI language models (LLMs), it competes with ChatGPT, Meta AI and X’s Grok.

As such, CryptoPotato decided to ask about which cryptocurrency might be next to have an exchange-traded fund in the States to track its performance.

Alphabet twins get to work

While Nvidia’s AI chips are the most popular for loading and calibrating AI chatbots, the Mountain View, California-based company is training Gemini with its own chips.

Google announced last week that it is rolling out Gemini support for Google Workspace users to polish emails. The chatbot, similar to its competitors, can be asked all kinds of questions, including questions about the cryptocurrency industry.

Google Chatbot guesses Solana ETF Next

If you ask crypto market watchers like New York futurist blogger Dominic Basulto, “Which crypto will get an ETF next,” many would bet on Solana.

Google Gemini agrees. “As of now, Solana seems to be the most likely cryptocurrency to get an ETF next,” Gemini said on Sunday when asked, “Which cryptocurrency would you say is most likely to get an ETF next?”

There has been a lot of buzz about an ETF in the works for the world’s fourth most volatile cryptocurrency. Among other contenders like Ripple (XRP), Cardano (ADA), Litecoin (LTC) and Avalanche (AVAX), Solana (SOL) takes the cake.

In Brazil, the government regulator recently granted approval for a second such product.

Meanwhile, VanEck, one of the first Bitcoin ETF issuers, remains actively engaged in leading its Solana ETF through the SEC approval process.

Here’s a quick review of why Gemini gave their response:

“Market Demand: Solana has significant market demand and a growing community.” “Regulatory Progress: Recent developments in the regulatory landscape, particularly the approval of spot ETFs for Bitcoin and Ethereum, suggest a potential shift towards a more favorable stance on altcoins.” “Institutional Interest: Solana has garnered significant interest from institutional investors, who may influence regulatory decisions.”

However, Google’s chatbot formulated its guess with this caveat: “However, it is important to note that the regulatory landscape can change rapidly and that other cryptocurrencies could also become viable candidates for ETFs.”

“It is always advisable to stay up to date with the latest news and developments in the crypto market and regulatory landscape,” says Gemini.

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