GSR Markets predicts that, as in the bitcoin story, the price of Solana could rise nine times with the potential approval of the ETF.
As Solana solidifies its position as one of the major cryptocurrencies alongside #IntroToCopytrading and #IntroToCopytrading , and #BTC and #ETH have created or are close to creating U. S. spot ETFs, the possibility of SOL as the next spot #ETF naturally comes to the forefront.
According to a recent analysis by GSR Markets, such an ETF could be the catalyst for SOL's price appreciation, potentially nine times its current value.
To gauge the potential impact on the price of SOL, GSR Markets drew parallels to BTC's experience following the approval of its own ETF. Historically, the bitcoin price has risen from $27,000 to approximately $63,000, a 2.3x increase, largely due to ETF inflows.
Applying a similar scenario to Solana, GSR Markets forecasts potential price appreciation in the range of 1.4x to 8.9x, depending on the size of ETF inflows into bitcoin.
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