Krutika Adani
After Bitcoin and Ethereum, Solana sees a major interest from spot ETF providers with two new applications.
21Shares, which has an active spot Bitcoin ETF and an Ethereum ETF due for approval, has also filed its application for a Solana ETF.
Due to its high ecosystem growth, top-grade security, and highly scalable blockchain, Solana has attracted institutional attention.
Solana ETFs might easily carry SOL’s price above $200. As of press time, Solana looks to cross $150 after crossing a major resistance at $147.
For Solana ETFs to be a reality soon, the SEC needs to approve them at least by 2024. However, several experts think that the ETFs might not be possible, at least in 2024.