Grayscale: U.S. Solana Spot ETF Expected to Attract $5 Billion in Funds Over the Next Two Years

According to DL News, Grayscale executive Zach Pandl stated that the Solana spot ETF could achieve the same level of success as Bitcoin and Ethereum, and it is reasonable to benchmark Solana against other ETPs already offered by Grayscale in the market. Within one to two years, the proportion of SOL tokens held in these ETP structures could reach at least 5%, meaning companies like Grayscale and Bitwise might absorb over $5 billion worth of SOL tokens. Pandl noted that certain investors may be interested in these single-token ETP products, but Grayscale expects many investors to prefer diversified cryptocurrency ETP products, which allow exposure to the asset class while reducing complexity to some extent. He also mentioned that GSOL will allocate 77% of staking rewards to investors, though this percentage may change over time.