Grayscale's Spot Solana ETF Could Ignite SOL to $400 – Here's Why Bulls Are Watching

Solana has risen by 5% today, climbing to $236 after Grayscale filed to transform its Solana Trust into a ETF.

This gain has gone some way to repairing the minor damage SOL has sustained in the past few days, with the coin now flat in the past week.

It also remains up by 44% in the past month and by 280% in the past year, with these increases reflecting the medium- and long-term momentum it has generated in 2024.

And with Grayscale’s application likely to be successful under the incoming Trump administration, Solana could have a massive 2025.

Grayscale’s Spot Solana ETF Could Ignite SOL to $400 – Here’s Why Bulls Are Watching

Grayscale filed its application with the SEC yesterday, with its filing declaring that the ETF would trade under the GSOL ticker, if accepted.

SOL ripping on the news that Grayscale had filed for a Solana ETF pic.twitter.com/14MCapaNc8

— TylerD Market News and Data brought to you by Benzinga APIs

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