🟣Grayscale Head of Research Zach Pandl believes that new Solana-based ETFs could rival the popularity of Bitcoin and Ethereum funds. He projects that within two years, about 5% of all SOL tokens—worth more than $5 billion—could be held in regulated investment products. Early inflows have been impressive: Bitwise Solana ETF attracted $129 million, while Grayscale Solana ETF added another $4 million in its first days.
🟣Pandl emphasized that converting Grayscale’s GSOL Trust into a full ETF will improve liquidity and transparency, opening Solana exposure to a broader range of investors. He expects Solana and Ethereum to occupy distinct niches within the industry, each maintaining strong long-term growth potential.