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 (SOL) exchange-traded funds in the United States could potentially surge 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 will be the next spot cryptocurrency ETF to receive U.S. regulatory approval.
Coincidentally, GCR’s report was released on the same day that VanEck filed to issue a spot Solana ETF, surprising many.