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Grayscale Executive: U.S. Solana Spot ETF Expected to Capture 5% of Total Supply in the Next Two Years, Inflows Could Reach $5 Billion
BlockBeats News, October 31st: According to DL News, Zach Pandl, Head of Research at Grayscale, predicted that a US Solana spot exchange-traded fund (ETF) could replicate the success of Bitcoin and Ethereum products, absorbing at least 5% of Solana's total token supply in the next one to two years. Based on the current price, this would mean that over $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 with an annualized yield of around 5.7%.
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