TechFlow news — according to a report released by cryptocurrency market maker GSR Markets, GSR holds long positions in SOL and presented the following hypothetical scenarios:
In a bull case scenario, a spot Solana ETF would capture 14% of the capital inflows seen by the spot Bitcoin ETF since its January launch, driving SOL's price from its current level of $149 to over $1,320, with Solana’s market cap rising to $614 billion.
In bear and base case scenarios, a spot Solana ETF would attract 2% and 5% of the Bitcoin ETF’s inflows, respectively, leading to 1.4x and 3.4x increases in Solana’s price.
The firm stated that these valuations could be even higher if the spot Solana ETF includes staking yield revenue.
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