Source: SECThe analyst told Cointelegraph: “The launch of the first Solana ETFs in the US could significantly boost Solana’s market position by increasing demand and liquidity for SOL, potentially narrowing the gap with Ethereum’s market cap.”The Solana ETF will grow institutional adoption by “offering a regulated investment vehicle, attracting billions in capital and reinforcing Solana’s competitiveness against Ethereum,” said Lee, adding that “Ethereum’s entrenched ecosystem remains a formidable barrier.”Still, other industry participants are concerned that the Solana futures ETF will lead to investor disappointment due to a lack of inflows, as we’ve seen with the spot Ether ETF launch, which was only a “sidekick” to Bitcoin ETFs in terms of inflows, as predicted by Bloomberg’s senior ETF analyst, Eric Balchunas.
Related: Bitcoin beats global assets post-Trump election, despite BTC correctionSolana futures ETF may see disappointing inflows, but spot Solana ETFs may be nextWhile the futures ETF may not bring significant inflows, it legitimizes Solana’s status as a top cryptocurrency, especially after US President Donald Trump announced that his Working Group on Digital Assets would include Solana in the US crypto strategic reserve, along with Cardano’s (ADA) token and XRP (XRP).“Solana ETFs are in motion creating the possible avenues for more wide-scale adoption,” according to Anmol Singh, co-founder of Bullet, a Solana-native perpetual futures decentralized exchange.
Related: Trump-linked WLFI triples Ether holdings, Solana sees $485M outflows: Finance RedefinedWhile the adoption rate of futures ETFs is difficult to measure, a spot Solana ETF may attract between $3 billion to $6 billion of net assets in the first six months, eclipsing the adoption rate of Ether ETFs, according to a JPMorgan report seen by Cointelegraph. SOL and XRP ETPs could attract $3–8 billion.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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