Summary
- Grayscale said it expects more than $5 billion to flow into the Solana(SOL) spot ETF listed in the United States over the next 1~2 years.
- It said this amounts to about 5% of Solana's total supply.
- Grayscale said the Solana ETF will become a new inflow channel for institutional investors and lead to portfolio diversification.
Grayscale(Grayscale) said it expects more than $5 billion to flow into the Solana(SOL) spot exchange-traded fund (ETF) recently listed in the United States over the next 1~2 years.
This amounts to about 5% of Solana's total supply.
On the 30th (local time), according to virtual asset (cryptocurrency) specialized media DL News, Grayscale Research head Zach Pandl said, "The Solana ETF will become a new inflow channel for institutional investors," and "We expect the product to absorb at least 5% of SOL circulating supply within 1~2 years."
He added, "If Bitcoin(BTC) and Ethereum(ETH) ETFs opened the first step into the institutional sphere, the Solana ETF will lead portfolio diversification as a third-generation blockchain asset."
Earlier, Bitwise and Grayscale each launched Solana spot ETFs, and first-day trading volume exceeded $10 million.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
