Crypto market maker GSR Markets suggests that the price of Solana (SOL) could surge by a factor of nine if spot Solana exchange-traded funds (ETFs) are approved in the U.S. The firm's "blue sky scenario" would see Solana's price rise from $149 to over $1,320, with its market cap increasing to $614 billion. However, some analysts believe a change in U.S. leadership would be necessary for a spot Solana ETF to be seriously considered. This comes as VanEck and 3iQ have recently filed for spot Solana ETFs in the U.S. and Canada respectively.