Do you think there is hope for Solana spot ETF?
BlackRock, the world's largest ETF provider, is about to start the application process for Solana spot ETF. Does this indicate that Solana's surge is coming?
BlackRock's influence: As the world's top ETF provider, BlackRock manages an astonishing amount of assets in the US stock market, up to 2.8 trillion US dollars. This time, BlackRock decided to advance the application process for Solana spot ETF, which undoubtedly gave Solana a strong boost in its future development.
Solana's potential: In recent years, Solana has received widespread attention as a rising star in the blockchain industry. Its high efficiency and low latency have shown its excellent performance in many fields such as DeFi and NFT. The launch of spot ETF will further provide investors with the convenience of participating in the Solana ecosystem, which may drive up its market price.
Reference to historical precedents: The hype of Bitcoin spot ETF caused BTC to hit a record high before halving, and the launch of Ethereum ETF also led to a surge in the price of Ethereum. If Solana can receive a similar hype effect, other altcoins in the Sol ecosystem may also usher in new vitality.
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