The cryptocurrency market is abuzz with excitement as Solana and Ethereum are poised to outperform Bitcoin in the near term, thanks to the hype surrounding their ETF launches. The GSR "ETF Possibility Score" has given Solana a positive ranking, indicating its readiness for a spot ETF, which could lead to a significant price rally. Meanwhile, the launch of the spot Ethereum ETF is expected to happen next week, drawing attention away from Bitcoin.

Solana's price has already seen a significant surge, reaching $150 and registering double-digit gains, following the announcement of VanEck's spot Solana ETF filing. This trend is expected to continue, with some analysts predicting that Solana and Ethereum could follow a similar trajectory to Bitcoin's bull run earlier this year. The Bloomberg report notes that both Ether and Solana have outperformed BTC over the past month, signaling a potential shift in the market.

The approval of the spot Solana ETF in the US has a higher chance of happening if Donald Trump resumes power in the next term, according to GSR. The report outlines three possible scenarios for Solana's price increase, ranging from a 1.4x price jump to an 8.9x rise, representing the most optimistic inflow estimates. GSR has also issued an "ETF Possibility Score" based on decentralization and potential demand, ranking Solana positively and indicating its readiness for a spot ETF.

The launch of the spot Ethereum ETF is expected to be a game-changer, with some analysts predicting inflows of around $5 billion during the first six months of launch. Big players like VanEck have started making preparations beforehand, announcing zero fees for the spot Ether ETFs. As the market awaits the launch of these ETFs, it is clear that Solana and Ethereum are the new contenders for crypto supremacy, threatening to dethrone Bitcoin from its top spot.

In conclusion, the cryptocurrency market is witnessing a significant shift, with Solana and Ethereum emerging as the new leaders. The hype surrounding their ETF launches is expected to continue, driving their prices higher and potentially outperforming Bitcoin in the near term. As the market evolves, it will be interesting to see how these three cryptocurrencies battle it out for supremacy.