Spot Solana Exchange -traded funds (ETFs) are unlikely to draw large investor offenses, even though they are approved this week, according to a Wednesday report from Wall Street Bank JPMorgan (JPM).
Solana ETFs could see about 1.5 billion dollars in the inflow of first year, about a seventh ether Analysts led by Nikolao’s Panigirtzoglou wrote.
But the analysts warned that the figure could be lower due to diminishing activity on the chain, heavy Memecoin trade, investor fatigue from several launches, and competition from diversified crypto-index products such as those bound to S&P Dow Jones indexes Digital Markets 50.
JPMorgan also noticed weak demand signals in Chicago Mercantile Exchange (CME) Solana Futures positioning.
The US Securities and Exchange Commission (SEC) is expected to decide approximately sixteen Spot Crypto ETF applications in October, including Solana.
Markets expect broad approval, helped by an existing CME future contract and the July launch of the first Solana Etf from Rex Osprey, the bank said.
JPMorgan noted that expectations are already visible in pricing. The premium for Net Activities (NAV) on Grayscale Solana Trust (GSOL) has collapsed from about 750% last year to near zero, and repeating Bitcoin and ether tendencies prior to ETF launches.
Read more: ‘Solana is the new Wall Street,’ explains Bitwise Cio Matt Hougan
