Grayscale Executive: It is expected that the US SOL spot ETF will absorb 5% of the total supply in the next two years, with capital inflow reaching $5 billion. According to ChainCatcher news and a report by DL News, Grayscale's research director Zach Pandl predicted that the US Solana spot exchange-traded fund (ETF) could replicate the successful performance of Bitcoin and Ethereum products, potentially absorbing at least 5% of the total supply of Solana tokens within the next one to two years. At current prices, this means that more than $5 billion worth of Solana tokens could be absorbed by companies like Grayscale and Bitwise. This week, two Solana ETFs officially started trading. Bitwise's BSOL was launched on Tuesday, and Grayscale's GSOL was listed on Wednesday. Unlike Bitcoin ETFs, Solana ETFs support staking features, with an annual percentage rate of approximately 5.7%.

SOL0.1%
BTC-0.1%
ETH-0.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)