Capital inflow to Solana-ETFs in the first year after the launch of these exchange-traded funds may amount to about $ 1.5 billion, analysts at the American bank JPMorgan suggested.
According to analysts, Solana-based exchange-traded products are likely to receive approval from the U.S. Securities and Exchange Commission (SEC) in the near future. The likelihood of SOL-ETF approval is increasing, as futures contracts on Solana are already traded on the Chicago Mercantile Exchange.
According to bank analysts’ calculations, the inflow of funds into Solana funds will be small, as the blockchain’s weak position and the decline in network activity since the end of 2024 have negatively impacted the sentiment of large investment fund managers. JPMorgan experts also cited the perception of Solana as a less reliable alternative to Ethereum in the decentralized finance and smart contract market as an additional deterrent.
Nevertheless, with the emergence of new projects on Solana, interest in this blockchain may gradually return. In this case, the main driver will be not short-term speculative activity, but long-term strategic investments in the ecosystem, according to JPMorgan experts.
Earlier, the US stock exchange Cboe BZX filed an application with the US Securities and Exchange Commission (SEC) to launch the new Invesco Galaxy Solana ETF cryptocurrency exchange-traded fund with the possibility of staking the SOL cryptocurrency.
