Grayscale Executive: US SOL Spot ETFs Expected to Absorb 5% of Total Supply in Next Two Years, Inflows May Reach $5 Billion
According to ChainCatcher, as reported by DL News, Zach Pandl, Head of Research at Grayscale, predicts that a US Solana spot exchange-traded fund (ETF) could replicate the successful performance of bitcoin and ethereum products, 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 such as Grayscale and Bitwise. This week, two Solana ETFs were officially listed for trading. Bitwise's BSOL was launched on Tuesday, and Grayscale's GSOL was listed on Wednesday. Unlike bitcoin ETFs, Solana ETFs support staking functionality, with an annualized yield of approximately 5.7%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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