Solana Spot ETF Predicted To Attract 14% Of Bitcoin ETF Flow, According To GSR Markets Report

According to Foresight News, a report released by GSR Markets has proposed a 'blue sky scenario'. In this scenario, based on the relative market value scale of Bitcoin spot ETF, Solana spot ETF is expected to absorb 14% of the Bitcoin ETF flow since its launch in January. This would result in the price rising from $149 to over $1320, and Solana's market value increasing to $614 billion (calculated based on the current supply).

In the 'bear market' and 'benchmark' scenarios presented by GSR, the Solana spot ETF would absorb 2% and 5% of Bitcoin's funds respectively. This would trigger a 1.4-fold and 3.4-fold increase in Solana's price respectively. The report suggests that the potential for Solana's growth is significant, with the possibility of substantial increases in both market value and price.