In this article you will learn:
- This is the status of the approval of a Solana ETF
- How high the price of SOL can rise
- Which scenarios are likely
- Why the whole market benefits from a SOL ETF
The first two applications for a Solana spot ETF in the USA have arrived. After Bitcoin and probably soon Ethereum, the fifth largest blockchain in the world could go to Wall Street in the next few months. Van Eck and 21Shares were the first to do so. An application has also been submitted in Canada. What was long considered speculation is now gaining momentum. Bitcoin benefited enormously from the approval of its spot ETF in January 2024, and strong price jumps are also predicted for Ethereum. Approval for trading will probably follow this summer.
Solana is much smaller than Bitcoin and Ethereum, the market capitalization is only a fraction, and therefore the potential for growth is also greater. Here we analyze: What scenarios for approval are conceivable? And how much can the price of Solana benefit from this? Initial conservative estimates already show: If Solana receives just two percent of the inflows of the Bitcoin spot ETF, the price will triple.
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