GSR Markets forecasts a dramatic 900% rise for Solana if a U.S. spot ETF is approved. Despite regulatory challenges, there is optimism for future changes in the SEC.
Key Insights
GSR Markets, a top market maker, predicts a 900% increase for Solana with the approval of a spot ETF in the U.S.
This prediction assumes Solana can capture between 2% and 15% of the inflows seen by Bitcoin ETFs.
GSR Markets outlines three scenarios for Solana's price: a "blue sky" scenario with a 900% rise, a "baseline" scenario, and a "bear" scenario with a 140% rise.
Gary Gensler's stance on Solana as a security in the Coinbase/Binance lawsuits makes approval challenging.
Analysts believe a new administration and SEC leadership could be more open to approving Solana ETFs.
