Bitcoin also rose slightly to 86 million won following the news that Solana submitted an application for a spot exchange-traded fund (ETF).
As of 11:30 am on the 28th, Bitcoin recorded 86.85 million won on Upbit, a domestic virtual asset exchange. It is being traded at 86.75 million won on Bithumb. CoinMarketCap, a virtual asset market relay site, showed $61,641.
At the same time, Ethereum recorded 4.86 million won on Upbit and 4.85 million won on Bithumb. It was traded at $3,453 on CoinMarketCap.
The market sees the possibility of Solana's spot ETF approval as even lower as Ethereum has not been approved. Yevgeny Gaevoy, CEO of virtual asset market making company Wintermute, said through his “It cannot be a priority policy,” he said.
Nevertheless, as Solana became the second virtual asset to launch a spot ETF after Ethereum, the price of Solana (SOL) rose due to expectations of ecosystem growth. Solana, which was trading at around 190,000 won the previous day, recorded an increase of about 9% and rose to around 210,000 won.
