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Solana ETFs Could Beat Bitcoin Gains, Be Fast-Tracked in Trump Admin: GSR
The post Solana ETFs Could Beat Bitcoin Gains, Be Fast-Tracked in Trump Admin: GSR appeared on BitcoinEthereumNews.com. We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A research report released on Thursday by cryptocurrency market maker GSR highlights potential opportunities for the approval of a spot Solana ETF in the United States, particularly with the possibility of another Donald Trump presidency on the horizon. The report suggests that Solana (SOL) could be next in line for ETF approval following Bitcoin and Ethereum, potentially leading to significant price gains for the cryptocurrency. Drawing parallels with Bitcoin’s price movement following its own spot ETF approval, the report presents three scenarios for Solana’s potential price increase: A bear case estimate of a 1.4x price jump, a base case of a 3.4x increase, or a 8.9x increase “blue sky” scenario that would represent optimistic inflow estimates. “Solana is poised for a spot ETF if and when additional spot digital asset ETFs are allowed in the U.S., and the impact on price may just be the largest yet,” the report suggests. GSR, which holds a long position in Solana, highlights a notable change in the political climate surrounding cryptocurrencies in recent months. Crypto has quickly developed into a potential wedge issue in the upcoming election between incumbent Democratic president Joe Biden and his presumptive Republican challenger, former president Donald Trump. In particular, the report notes “Donald Trump’s newfound backing of the crypto industry, which in turn caused Democrats to loosen their stance against digital assets in a tight election year.” This shift has already resulted in bipartisan support for crypto-friendly legislation, including the overturning of the SEC’s SAB 121 accounting policy and the passage of the FIT21 digital asset regulatory framework in the House. GSR’s analysis introduces an…
The post Solana ETFs Could Beat Bitcoin Gains, Be Fast-Tracked in Trump Admin: GSR appeared on BitcoinEthereumNews.com.
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A research report released on Thursday by cryptocurrency market maker GSR highlights potential opportunities for the approval of a spot Solana ETF in the United States, particularly with the possibility of another Donald Trump presidency on the horizon. The report suggests that Solana (SOL) could be next in line for ETF approval following Bitcoin and Ethereum, potentially leading to significant price gains for the cryptocurrency. Drawing parallels with Bitcoin’s price movement following its own spot ETF approval, the report presents three scenarios for Solana’s potential price increase: A bear case estimate of a 1.4x price jump, a base case of a 3.4x increase, or a 8.9x increase “blue sky” scenario that would represent optimistic inflow estimates. “Solana is poised for a spot ETF if and when additional spot digital asset ETFs are allowed in the U.S., and the impact on price may just be the largest yet,” the report suggests. GSR, which holds a long position in Solana, highlights a notable change in the political climate surrounding cryptocurrencies in recent months. Crypto has quickly developed into a potential wedge issue in the upcoming election between incumbent Democratic president Joe Biden and his presumptive Republican challenger, former president Donald Trump. In particular, the report notes “Donald Trump’s newfound backing of the crypto industry, which in turn caused Democrats to loosen their stance against digital assets in a tight election year.” This shift has already resulted in bipartisan support for crypto-friendly legislation, including the overturning of the SEC’s SAB 121 accounting policy and the passage of the FIT21 digital asset regulatory framework in the House. GSR’s analysis introduces an…
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