Grayscale Files for Spot Solana ETF, Propelling SOL Price Up 6%
Grayscale Investments has applied to transform its $134 million Solana Trust into a spot ETF. This significant move coincides with a 6% price increase for SOL. As institutional interest in cryptocurrencies continues to grow, several firms are following suit with similar ETF applications. This trend signals a robust recovery for Solana, drawing attention from both investors and analysts alike. The prospect of a Solana ETF bolsters confidence in its market performance and positions SOL for sustained growth. Investors should keep an eye on this opportunity as the cryptocurrency landscape evolves rapidly.
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