GSR Bullish SOL Report: Bullish SOL Will Rise 9 Times to $1320

Odaily News On June 28, according to a report released by cryptocurrency market maker GSR Markets, GSR holds a long position in SOL. The hypothetical situation proposed in the report is: In a bull market, the spot Solana ETF will absorb 14% of all fund flows of the spot Bitcoin ETF since its launch in January, and the price of SOL will rise from the current $149 to more than $1,320, while Solana's market value will increase to $614 billion. In a bear market and base case, the spot Solana ETF will account for 2% and 5% of the fund flows attracted to the Bitcoin ETF, which will trigger a 1.4-fold and 3.4-fold increase in Solana's price, respectively. The company said that these valuations could be higher if the spot Solana ETF included staking reward income. (Cointelegraph)