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GSR Markets, a prominent market maker, has released a report suggesting that a spot Solana (SOL) ETF could significantly impact the cryptocurrency market. According to the report, the approval of a Solana spot ETF could increase the price of SOL by as much as 8.9 times, potentially reaching $1,350. This potential surge is seen as more significant than the impact of spot Bitcoin ETFs on BTC. The report was released on June 27, coinciding with ETF-issuer VanEck's filing to launch a Solana ETF.
With spot #Bitcoin and ether ETFs getting the green light earlier this year, the spotlight is now on $SOL. Do you think the spot Solana ETF will be approved? 🤔
How High Will SOL Go If U.S. Solana ETF Is Approved? GSR Markets, a market maker and active, multi-stage investor, suggests that U.S. approval of spot Solana ETFs could potentially increase SOL's price by nine times. Their report, released on June 27, coincided with VanEck's… https://t.co/MaOW4vSWw4
REPORT - ARE YOU READY FOR SOL’S PRICE TO HIT $1,320?! “Solana is poised for a spot ETF if and when additional spot digital asset ETFs are allowed in the US, and the impact on price may just be the largest yet” - Yesterday’s big headline saw ETF-issuer VanEck file to launch a… https://t.co/zs1kUmaIy7 https://t.co/yKgdfrQ1cT