Solana (SOL) Could See Major Price Upside with Trump Presidency and Potential ETF Launch, Says Market-Making Firm

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Cointime2024/06/27 13:43

By:Cointime

According to market-making firm GSR, if Donald Trump is re-elected as president, there may be a chance for Solana (SOL) to have its own ETF in the U.S. This could be due to potential changes in digital asset regulations that allow for the launch of spot digital asset ETFs. Solana is one of the few crypto assets with strong market demand and a high degree of decentralization, making it a potential candidate for a listing. If SOL sees just 5% of the inflows that Bitcoin did, its price could more than triple, and "blue sky" inflow rates of 14% could see Solana's price shoot up nearly ninefold, per the GSR note. However, the market hasn't signaled an embrace of this possibility, as the price of Grayscale Solana Trust (GSOL) remains at a staggering premium to net asset value.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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