JPMorgan (JPM) finds moderate flows for Solana (Sol) ETF in spite of the likely SEC approved
Solar spot Funds exchanged by Exchange (ETF) are not likely to draw major investors of investors even when approved this week, according to a Wednesday Wednesday report from Wall Street Bank JPMorgan (JPM).
Solana ETF can see about $ 1.5 billion in the first years of flow, almost one-seven-seven of the ether The analysts led by Nikolaos sideszoglou wrote.
But the analysts warned that the figure could be less due to the prevention of on-chain activity, heavy memecoin trading, investor fatigue from many launching, and competition from various crypto index products such as those tied to the S&P Dow Jones indicates Digital Markets 50. Etf.
JPMorgan also noted the weak demand signals in the Chicago Mercantile Exchange (CME) Solana futures positioning.
The US Securities and Exchange Commission (SEC) is expected to decide ETF applications In October, including Solana.
Markets are widely expected of approved, assisted by an existing CME futures contract and the launch of July of the first Solana ETF from Rex Osprey, the bank said.
JPMorgan noted that expectations can be seen in pricing. Premium to Net Asset Value (NAV) in Grayscale Solana Trust (GSOL) collapsed from around 750% last year to close to zero, echoing bitcoin and ether trends leading to the launch of ETF.
Read more: ‘Solana is the new Wall Street,’ Bitwise Cio Matt Hougan explains
