Solana: Elon Musk’s Grok Predicts SOL’s Price After ETF Launch

Cryptocurrency-based ETFs person taken halfway signifier aft the SEC approved Bitcoin (BTC) and Ethereum (ETH) ETFs successful 2024. Solana (SOL) is simply a large crypto task that could soon person an ETF support from the fiscal watchdog.

Also Read: XRP: When Will Ripple’s Case With The US SEC End?

Solana ETF Right Around The Corner?

Source: CoinCodex

The SEC precocious acknowledged Grayscale’s SOL ETF exertion amendment. Bloomberg ETF expert Eric Balchunas called the determination a “notable” development. The SEC had antecedently refused to admit Grayscale’s SOL ETF amendment. The determination aligns with the pro-crypto stance of the existent US administration.

Also Read: Tesla’s 11,509 Bitcoin Stash Worth Over $1 Billion Revealed successful SEC Filing

Balchunas and chap Bloomberg ETF expert James Seyffart judge XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC) person bully chances of securing ETF approvals. The determination could pb to a important terms spike for the respective assets.

Elon Musk’s Grok Predicts The Asset’s Price After ETF Approval

X’s Grok AI gives 3 outlooks connected Solana’s (SOL) terms aft an ETF approval. In its optimistic forecast, the AI level anticipates SOL to deed a precocious of $5000. Hitting $5000 from existent terms levels volition entail a rally of astir 2347.14%. The level anticipates an summation successful organization investment, starring to a terms spike.

Source: X

In its mean forecast, Grok anticipates SOL’s terms hitting $1290. Reaching $1290 is besides rather a leap from its existent terms levels. Hitting $1290 from existent prices volition pb to a 531.36% rally.

Source: X

In its bearish projection, Grok anticipates Solana (SOL) deed $200. Reaching $200 would pb to a dip of astir 2.03%.

Source: X

Also Read: Top 3 Cryptocurrencies Predicted To Hit New All-Time Highs Soon

It is unclear erstwhile a spot Solana (SOL) ETF volition beryllium approved. Despite the deficiency of clarity, determination is simply a precocious accidental that we volition spot the support of galore crypto-based ETFs successful 2025. The determination could pb to a market-wide rally.