9 hour ago
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Solana ETFs Launch Sparks Institutional Demand and Potential Multi-Quarter Rally
The launch of Solana (SOL) Exchange-Traded Funds (ETFs) in the US, such as Bitwise Solana Staking ETF and Grayscale Solana Trust ETF, marks a significant development for SOL, potentially triggering a multi-quarter rally driven by institutional demand.
- Solana now joins Bitcoin (BTC) and Ethereum (ETH) with regulated brokerage access in the US.
- Global expansion includes launches in Hong Kong, Brazil, and Canada, enhancing liquidity and price discovery.
- Institutional adoption shifts SOL's perception from a speculative asset to a strategic portfolio allocation.
- Since the ETFs' launch, SOL investment products have attracted over $300 million in inflows.
- Despite initial volatility, the structural shift may lead to long-term growth similar to BTC and ETH after their ETF approvals.
Bybit analysts suggest that every $1 billion in ETF inflows could boost SOL's market cap by 30%-50%. If inflows reach $2-3 billion within a year, SOL might revisit its all-time high levels. Currently, Solana is trading at $154, experiencing a slight daily decline.
