GSR Markets, a market maker and active, multi-stage investor, suggests that U.S. approval of spot Solana ETFs could potentially increase SOL's price by nine times. Their report, released on June 27, coincided with VanEck's filing for a spot Solana ETF. GSR, which which is long  on SOL, estimates this based on the assumption that Solana ETFs would capture 14% of the flows seen by the spot Bitcoin ETFs, potentially raising Solana's price from $149 to over $1,320 and its market cap to $614 billion. Conservative scenarios predict 1.4x to 3.4x price increases. 

Source: Cointelegraph