The post Spot Solana ETF might 9x the price of SOL — GSR Markets appeared on BitcoinEthereumNews.com.

The crypto market maker’s forecast for Solana was based on a “blue sky” scenario, while its “bear” scenario only predicted a 1.4x increase in Solana’s price. Spot Solana exchange-traded funds (ETFs) in the United States could potentially drive up the price of SOL by a factor of nine, suggests crypto market maker GSR Markets.  In a June 27 report, the firm described Solana as part of “crypto’s big three” and looked into whether Solana’s (SOL) will be the next spot cryptocurrency ETF to receive U.S. regulatory approval. Coincidentally, GSR’s report was released on the same day VanEck filed to issue a spot Solana ETF, surprising many. Read more Source: https://cointelegraph.com/news/spot-solana-etf-might-9x-the-price-of-sol-gsr-markets

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Filed under: News - @ June 28, 2024 8:20 pm