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Заголовок GSR Predicts Cardano, Ripple Won’t Get ETF, Solana Might
Дата 20240628

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GSR Predicts Cardano, Ripple Won’t Get ETF, Solana Might

In the crypto sector, the buzz around exchange-traded funds (ETFs) continues
to grow. GSR, a leading crypto market maker, suggests that while Cardano (ADA)
and Ripple s XRP may not see ETF approval soon, Solana ( SOL ) stands on
the brink of a significant breakthrough.

GSR’s comprehensive analysis assumes a crypto-friendly regulatory approach in
the US. In that case, ETF approval hinges primarily on two factors –
decentralization and market demand. GSR has also disclosed that it has a long
trade position on Solana.

How Solana Beats Other Altcoins in the Chances of ETF Approvals

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According to GSR, Solana excels in both criteria, positioning it well ahead of
its peers. The blockchain platform showcases a progressive move towards
decentralization with its upcoming Firedancer client. It also captures
substantial market demand, which is evident from its positive decentralization
and demand scores.

Solana s initiatives on the decentralization front are noteworthy. The
introduction of Firedancer, aimed at diversifying its network client base,
marks a significant step towards reducing central control and enhancing
network resilience. This strategic move mirrors the decentralized ethos that
regulators find appealing.

Read more: How to Buy Solana (SOL) and Everything You Need To Know

Market demand for Solana is equally compelling. The asset has consistently
demonstrated strong market performance and high trading volumes, indicators of
investor confidence, and potential for sustained demand. This makes Solana a
strong candidate for an ETF , particularly when potential inflows play a
pivotal role in asset selection.

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Considering the decentralization score and demand score, GSR calculated a
metric—the ETF possibility score. Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) has the highest ETF
possibility score, followed by Solana and NEAR Protocol (NEAR) .

The rest of the altcoins, such as Avalanche (AVAX) , Aptos (APT) , ADA, XRP,
and Cosmos (ATOM), have a negative ETF possibility score.

All in, the results clearly suggest that Solana is next, should
additional spot digital asset ETFs be permitted in the US, GSR wrote .
ETF Possibility Score. Source: GSR

GSR s analysis also delves into the potential impact of ETF approval on
Solana s price. Drawing parallels with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s ETF journey,
which catalyzed its price surge, Solana could experience a similar uplift. GSR
outlines several scenarios, from conservative estimates of a 1.4x increase in
price to an optimistic 8.9x jump under favorable conditions.

We can adjust our relative flow estimates under the various scenarios
for Solana’s relative size to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s 2.3x increase due to the spot ETFs.
Doing so suggests Solana may increase 1.4x under the bear flows scenario, 3.4x
under the baseline scenario, and 8.9x under the blue sky scenario, GSR
analysts predicted.

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The recent move by VanEck, an asset manager, to file for a Solana spot ETF
further bolsters the case for Solana s ETF prospects. This pioneering
step highlights the asset’s growing institutional appeal.

Read more: Solana (SOL) Price Prediction 2024/2025/2030

Mathew Sigel, Head of Research at VanEck, emphasized Solana’s alignment with
the characteristics of established digital commodities.

“Solana’s decentralized nature, high utility, and economic feasibility align
with the characteristics of other established digital commodities, reinforcing
our belief that SOL may be a valuable commodity with use cases for investors,
builders, and entrepreneurs looking for alternatives to the duopoly app
stores,” Sigel said .

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