Oddbean new post about login | logout SOL Price Could Increase by 9x after Spot Solana ETFs Approval, Predicts GSR Markets: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1719571686359-YAKIHONNES3.jpg The approval of spot Solana exchange-traded funds (ETFs) in the United States has the potential to drive the price of SOL up 9x, according to crypto market maker GSR Markets.
The approval of spot Solana exchange-traded funds (ETFs) in the United States has the potential to drive the price of SOL up 9x, according to crypto market maker GSR Markets. In a recent report released on June 27, GSR Markets identified Solana as one of “crypto’s big three” and examined the likelihood of Solana becoming the next spot cryptocurrency ETF to receive regulatory approval in the US. The report coincided with VanEck’s filing to launch a spot Solana ETF, which took many by surprise.
crypto market maker GSR Markets, the approval of spot Solana exchange-traded funds (ETFs) in the United States could potentially drive up the price of SOL by a factor of nine . GSR Markets reached this estimate based on the assumption that the spot Solana ETFs would take in 14% of the flows that spot Bitcoin ETFs have seen since their launch in January, relative to their market cap size
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