Solana futures ETF to grow institutional adoption, despite limited inflows 📈
The crypto industry is set for a significant milestone with the debut of the first Solana futures ETF by Volatility Shares. The launch marks a step toward increasing institutional adoption of Solana, boosting its market position, according to Ryan Lee of Bitget Research.
There's optimism that this ETF could enhance Solana's demand and liquidity. However, some analysts are skeptical about inflows, drawing parallels to Ether ETFs' performance.
Anmol Singh of Bullet predicts moderate inflows but anticipates the approval of a Solana spot ETF as a critical future milestone. A JPMorgan report suggests a potential $3-$6 billion influx in net assets within six months for such a product.
Despite challenges, the introduction of Solana ETFs suggests growing recognition and possibilities for broader adoption.
Source: cointelegraph.com ↗
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