Solana ETFs Promise Significant Market Impact, Key Players Maintain Optimism

Conversations about Solana ETFs have been making rounds within the cryptocurrency community, with onlookers displaying optimism for the future. The positive sentiments come as experts highlight the impact of a Solana-based ETF on the community and the broader cryptocurrency market. In a report from Bloomberg Intelligence, market experts revealed that a Solana Spot ETF could usher in a staggering $3-6 billion in inflows, further positioning it as one of the largest ETFs to debut on the market. The Solana blockchain offers sustainable fee charges that further validate the potential success of an ETF. To this effect, JPMorgan notes that lower fee charges on Solana positions the network above its long-standing competitor, Ethereum. Another upside is the increased staking yield on Solana, which sits at 8% against Ethereum’s 3%. Solana ETF approval in 2025: what are the possibilities? Demand for a Solana-based ETF has risen over the past months, with seven leading institutions sending applications to the U.S. Grayscale, Bitwise, and VanEck. Some players anticipate approval from the SEC. Although regulatory classifications are still vague, and the SEC has not ruled on any pending applications, justifying the rejection of an altcoin-based ETF continues to prove challenging for the SEC, with the changing market landscape. As such, key players remain largely optimistic about the near future. Meanwhile, SOL bulls lost momentum this week after selling pressure surged, resulting in a fresh decline from its $155 high. After experiencing rejection at higher price levels, SOL is consolidating around the $145 price. Solana (SOL) trades at a press time price of $144. Although the price value decreased by 1.0.3% from the previous day, SOL appears to have erased most of its weekly losses.

Source: ZyCrypto