Cryptocurrency market maker GSR Markets suggests that the potential introduction of exchange-traded funds (ETFs) on Solana (SOL) in the US could increase the price of SOL by 9 times. 📈 In a report on June 27, the company called Solana part of the “big three” of crypto and considered the likelihood of approval of an ETF on Solana by US regulators.

GSR, which holds a long position in SOL, came to a valuation of "8.9x", suggesting that the Solana ETF will attract 14% of the flows that the Bitcoin ETF has seen since its launch in January.

In a "blue sky" GSR, Solana's price will increase from $149 to over $1,320 and market capitalization will increase to $614 billion.

However, analysts believe that for Solana ETFs to be seriously considered, a change in the US president and the chairman of the Securities and Exchange Commission will be necessary.