GSR Bullish on SOL report: Pumping up 9x to $1320 during Bull Market
According to a report released by the cryptocurrency market maker GSR Markets, GSR holds a long position in SOL, and the hypothetical scenario proposed in the report is: In bull run, Spot Solana ETF will absorb 14% of all fund flows from Spot Bitcoin ETF since its launch in January, and the price of SOL will rise from the current $149 to over $1,320, while Solana's market cap will increase to $6.14 trillion. In bear markets and basic conditions, spot Solana ETFs will attract 2% and 5% of Bitcoin ETF capital flows, respectively, which will trigger Solana price pumps of 1.4 times and 3.4 times, respectively. The company said that if the Spot Solana ETF includes stake reward income, these valuations could be higher.
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GSR Bullish on SOL report: Pumping up 9x to $1320 during Bull Market
According to a report released by the cryptocurrency market maker GSR Markets, GSR holds a long position in SOL, and the hypothetical scenario proposed in the report is:
In bull run, Spot Solana ETF will absorb 14% of all fund flows from Spot Bitcoin ETF since its launch in January, and the price of SOL will rise from the current $149 to over $1,320, while Solana's market cap will increase to $6.14 trillion.
In bear markets and basic conditions, spot Solana ETFs will attract 2% and 5% of Bitcoin ETF capital flows, respectively, which will trigger Solana price pumps of 1.4 times and 3.4 times, respectively.
The company said that if the Spot Solana ETF includes stake reward income, these valuations could be higher.