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Grayscale executives: It is expected that the US SOL Spot ETF will absorb 5% of the total supply in the next two years, with capital inflow reaching up to 5 billion dollars.
According to a report from DL News on October 31, Zach Pandl, the head of Grayscale Research, predicts that the U.S. Solana spot trading exchange-traded fund (ETF) could replicate the successful performance of Bitcoin and Ethereum products, potentially absorbing at least 5% of the total supply of Solana tokens within the next one to two years. At current prices, this means that over $5 billion worth of Solana tokens could be absorbed by companies like Grayscale and Bitwise.
This week, two Solana ETFs officially launched for trading. Bitwise's BSOL was introduced on Tuesday, and Grayscale's GSOL was listed on Wednesday. Unlike Bitcoin ETFs, Solana ETFs support staking features, with an annualized yield of approximately 5.7%.