K33 Research analyst Vetle Lunde has issued a strategic recommendation favoring Solana (SOL) over Litecoin (LTC) as the market anticipates further altcoin ETF approvals.
In a note reported by The Block, Lunde suggested a long SOL / short LTC position as the most advantageous trade setup tied to potential spot ETF launches.
Lunde pointed to the Grayscale effect — a key factor that shaped the rollout of spot Bitcoin and Ethereum ETFs. With both Grayscale’s Solana Trust (GSOL) and Litecoin Trust (LTCN) already publicly traded, they stand out as front-runners among altcoins for possible ETF inclusion. However, the risk dynamics between the two differ sharply.
“Solana’s trust has limited risk of liquidity outflows, while Litecoin’s faces higher risks,” Lunde explained. “Therefore, trading long SOL and short LTC after the ETF launch looks attractive.”
In contrast to other major altcoins like XRP or Dogecoin, which lack public Grayscale products, SOL and LTC have existing infrastructure that makes ETF conversion more plausible.
In a parallel move, K33 has launched a stock issuance plan to raise $8.9 million, aimed at acquiring 1,000 Bitcoins for its treasury. This initiative reflects growing institutional strategies to gain long-term crypto exposure — mirroring MicroStrategy’s Bitcoin accumulation model.
As ETF speculation heats up, analysts like Lunde continue to emphasize relative strength plays — and in the current landscape, Solana looks set to lead, while Litecoin may lag.
