Solana

Spot

Coin

<ul class="news-points"> 
 <li>GSR Markets analyzes the possibility of a Solana ETF launch, assessing decentralization and demand scores.</li> 
 <li>The ETF Possibility Score indicates the potential launch of Solana Spot ETF.</li> 
 <li>The report forecasts an 8.9x surge in SOL’s price following the ETF launch.</li> 
</ul> 
GSR Markets, a prominent crypto trading platform and liquidity provider, recently published a <a href="https://www.gsr.io/reports/is-solana-eft-next/" target="_blank" rel="nofollow">blog post</a> analyzing the prospects of a spot Solana exchange-traded fund. While Solana has established itself among the top three cryptocurrencies, GSR’s analysis suggests <a href="https://coinedition.com/garlinghouse-xrp-solana-cardano-etfs-inevitable-following-ether-approval/">Solana could be next in line</a> for an ETF, following Bitcoin and Ethereum. 
The key determinants for the next spot ETF are the level of decentralization and potential demand. To assess Solana’s decentralization score, GSR Markets analyzed metrics such as the Nakamoto Coefficient, staking requirements, and CCData Governance Rating. In terms of decentralization, Solana follows Ethereum with a score of 0.4, while Ethereum scored 0.5. 
For demand analysis, GSR evaluated various metrics including market indicators, existing product assets under management (AUM), and activity metrics. Th…
The post <a href="https://coinedition.com/solanas-decentralization-and-demand-key-factors-in-spot-etf-approval/">Solana’s Decentralization and Demand: Key Factors in Spot ETF Approval</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Solana’s Decentralization and Demand: Key Factors in Spot ETF Approval

Coin Edition

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