Solana's price could increase up to 9 times if a spot Solana ETF is approved in the US.

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Solana's price could increase up to 9 times if a spot Solana ETF is approved in the US.

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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.
GSR — which holds a long position on SOL — reached the '8.9x' estimate on the assumption that the spot Solana ETFs would take in 14% of the flows that the spot Bitcoin ETFs have seen since launching in January, based on their relative market cap size.

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Potential Impact of Solana ETF Approval