Zach Pandle, head of research at investment firm Grayscale, is very confident in the potential of a Solana (SOL)-based exchange-traded fund (ETF).
Management plans to Solana ETF could manage more than $5 billion in assets In the short and medium term.
Pandol bases his forecasts on the expectation that a large portion of Solana supply will move into these regulated investment structures. “Over a one- to two-year horizon, for example, we expect these ETF structures to see at least 5% appreciation,” he said in his remarks.
Executives say the new Solana product is It is on track to replicate the success of Bitcoin (BTC) and Ether (ETH) ETFs. “It’s reasonable to compare (Solana) to other products on the market,” Pandol said.
This optimistic scenario is consistent with the fund’s initial performance. Two Solana ETFs were launched in the U.S. market this week, issued by Bitwise and investment firm Grayscale.
According to a report from CriptoNoticias, Bitwise Solana Staking (BSOL), a fund managed by Bitwise, successfully debuted on the New York Stock Exchange (NYSE) with an opening day volume of $69.45 million, while Grayscale Solana Trust ETF (GSOL) had a modest debut volume of $4.3 million.
