Grayscale files for Solana ETF: Grayscale has filed with the NYSE to convert its Solana Trust into an ETF, aiming to attract both institutional and retail investors. The trust currently holds 134.2 million USD, about 0.1% of Solana’s circulation, increasing liquidity in the financial market.
Potential for significant price surge: If the Solana ETF is approved, analysts forecast the price could jump to 600 USD, with some optimistic projections reaching 1,000 USD. The anticipated SEC leadership changes could lead to quicker ETF approvals, heightening market anticipation.