#SOL ETF发行新进展 The latest developments of the Solana ETF indicate that the U.S. Securities and Exchange Commission (SEC) may soon approve this project. If the Solana spot ETF is approved, it could have a significant impact on the market.

Potential market impact of the approval:

Historically, when the Bitcoin (BTC) ETF was approved, the price of BTC rose from $27,000 to $73,000, an increase of more than 2.7 times. A similar situation may occur after the approval of the Solana ETF.
According to GSR's capital inflow model, if Solana attracts funds equivalent to 5% of BTC, the price of Solana could theoretically increase from the current approximately $160 to $500, an increase of more than 3 times.

Risk Factors:

Early investors may sell their shares, leading to fluctuations in the stock price in the short term.
The staking mechanism of Solana is still unclear, which may affect its attractiveness and price performance.
On-chain liquidity may be affected by the large-scale migration of funds into ETFs.

Market Reaction:

The launch of the Solana ETF may trigger speculation in the range of $200 to $300 in the short term.
The mid-term performance will depend on whether the Solana ecosystem can effectively accommodate the new funds and users.

The Importance of the Staking Mechanism:

If a Solana ETF can introduce a staking mechanism, it may increase its appeal, as staking rewards could be integrated into the ETF structure.