The fact that Solana (SOL) has solidified its place alongside Bitcoin and Ethereum, and that BTC and ETH already have or are approaching US spot ETFs, makes SOL a natural candidate for the next spot ETF. According to GSR Markets' latest analysis, such ETFs could lead to an increase in SOL's price, potentially rising to nine times its current value. 📈💰

GSR Markets estimates potential price gains for Solana between 1.4x and 8.9x, depending on the scale of ETF inflows. Active use of SOL in staking and decentralized applications could potentially generate a higher impact than ETF-related inflows. This could create what analysts describe as a “free option” for investors.

If US regulations evolve to accommodate additional spot digital asset ETFs, SOL could see one of the most significant price increases in recent cryptocurrency history. However, challenges such as market size and regulatory uncertainties still remain with respect to Bitcoin.

According to research from GSR Markets, the journey to a spot crypto ETF in the US depends on several regulatory and market conditions. A spot ETF for Solana requires a federally regulated futures market and demonstrated market correlation over several years.

However, recent political changes point to a potential shift in the regulatory landscape. Backing of the crypto industry by figures such as former President Donald Trump has softened opposition from Democrats and generated bipartisan support for regulatory frameworks that could enable new crypto opportunities.