According to Yann Allemann, one of the cofounders of Glassnode, a shift in capital movement within the cryptocurrency market has commenced. Allemann observed the dominance of Solana (SOL) over Ethereum (ETH) with SOL gaining approximately 10% against ETH since May 27. The SOL/ETH pair faced a notable downturn following the approval of multiple spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) earlier this month. On May 27, Ethereum's price reached a peak of $3,973 on the Bitstamp exchange, but the enthusiasm surrounding the SEC's approval waned quickly, leading to a 7% drop in ETH price within a few days. The SEC has yet to greenlight the S-1 registration statements for these ETFs to become operational.