🚀Solana (SOL) could be closer to getting its own ETF in the U.S. if Donald Trump retakes the White House, says market-making firm GSR. They predict SOL could have far more upside than Bitcoin (BTC) did when its spot ETF debuted.📈

If Trump becomes president again, he could shake up the established playbook for launching crypto ETFs, which usually takes years and starts with the introduction of federally regulated futures contracts – something Solana lacks.

GSR suggests that under Trump, permissive digital asset regulations could allow for the launch of "myriad spot digital asset ETFs." If that came to pass, SOL, one of the biggest crypto assets behind BTC and Ethereum's ether (ETH), could be the first to benefit.

Solana is one of only a few crypto assets with strong market demand and a high degree of decentralization, making it an attractive option for prospective ETF issuers.

If SOL sees just 5% of the inflows that BTC did, its price could more than triple. GSR considers this a "base case" as Solana investment products saw 5% of the inflows of Bitcoin between 2021 and the end of 2023.

However, there's no ETF price action for Solana without a Solana ETF. And the asset hasn't checked the all-important box of having traded for years in a federally regulated futures market, as Bitcoin and Ether did.

What do you think? Will Trump's potential presidency bring about a Solana ETF? Let's discuss! #Solana #ETF #CryptoNews