TechFlow News, October 31 — According to DL News, Grayscale's head of research Zach Pandl predicted that a U.S. Solana spot exchange-traded fund (ETF) could replicate the success seen by Bitcoin and Ethereum products, potentially absorbing at least 5% of Solana’s total token supply within one to two years. At current prices, this implies over $5 billion worth of Solana tokens could be absorbed by firms like Grayscale and Bitwise.
This week, two Solana ETFs officially began trading. Bitwise’s BSOL launched on Tuesday, and Grayscale’s GSOL started trading on Wednesday. Unlike Bitcoin ETFs, Solana ETFs support staking functionality, offering an annualized yield of approximately 5.7%.
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