🚀 $SOL #GSR : Solana has cemented itself as part of crypto’s Big Three. And with the others having or on the cusp of a spot ETF, not only is it likely just a matter of time before Solana gets one too, but also the impact on SOL just might be the largest yet.
To launch a spot digital asset #ETF in the US, certain conditions must be met, including a federally-regulated futures market (currently limited to Bitcoin and Ethereum).
The existence of futures markets for multiple years is necessary to demonstrate correlation. A futures-based ETF approval precedes consideration of a spot product.
Price Scenarios for #Solana :
- In a bearish scenario, SOL could increase by 1.4 times.
- In a baseline scenario, SOL might rise by 3.4 times.
- In a bullish scenario, SOL could surge by an impressive 8.9 times.