SOL looks higher
Just yesterday, the asset manager VanEck has submitted an application for approval for a new one ETF spot Solanaand for SOL a rush immediately started rise.
It wasn’t even enough time to understand the margins of success of the product launch, however, as the community has already churned out the first forecasts on the token’s reaction ahead of the ETF.
He market maker GSR Marketsfor example, has published a first analysis on the future of SOL, which could lead to a multiplication of its value 9 times more than it is now.
Solana would already have, in itself, distinctive characteristics to be able to grow on the market, including low transaction costs and a wide range of dApps. And just recently, new airdrops and project migrations have strengthened its market position.
However, the impact of ETFs could be “extremely significant” to foster network growth. Also because SOL would not have any futures products based on it, and there is essentially no channel to channel institutional liquidity to the asset.
However, the recent one could be suitable for SOL change of approach of US policy in the regulatory field, capable of increasing the possibilities with respect to a new ETF. Moreover, Solana would respect for GSR “the parameters of decentralization” (staking requirements and governance rating) necessary to be equated to Ethereum, which will soon have its own ETF.
BOOM coming for SOL?
Compared to the price analysis, the report in question takes into consideration capitalization, volumes and performance of the investment products current to assess potential demand. All in relation to the inflows recorded by the ETF Bitcoin.
Of course, there are different scenarios. The bearish one assumes a market share for SOL equal to 2% of BTC ETF inflows. And that would be enough for a growth of 1.4 times the current price. The scenario bullish instead, it hypothesizes an inflow equal to 14% of those recorded by BTC, for a SOL price growth of 9 times the current value.
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