Solana’s (SOL), which has surpassed both Bitcoin and Ethereum in terms of growth, is showing impressive signs this year. It has risen by nearly 800%. According to reports, over the past 12 months the token’s value has risen by over 770%. CoinMarketCapThe recent drop to $141 is not indicative of a trend.
Alternatively, Bitcoin Ethereum has grown by 82% and 100% in that same period. This development has firmly established SOL as one of the three top cryptocurrencies on the market, alongside BTC and ETH. This fact led to two companies filing for Spot Solana exchange-traded funds (ETFs) this week.
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SOL has beaten both Bitcoin and Ethereum for the year so far.
The US has so far approved two ETFs that are crypto-based. The number of ETFs is likely to rise, and Solana, which has seen an 800% increase in its annual returns, appears to be the most popular candidate to receive this product. Ethereum.
Recent reports from GSR Markets SOL “cemented itself as a part of crypto’s Big Three.” Also, they said that it was “just a matter of time before Solana” It’s a own ETF. It looks as if the three assets will be a real thing in the near future.
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The 21Shares and VanEck This week, Solana investors have submitted their applications. Sol’s investment potential is as important as the regulatory changes in the nation. It could also be a sign of a much larger change.
Bloomberg said recently that “Bitcoin’s performance is starting to be overshadowed by Ether and Solana” ETFs are becoming more popular. The investment product discussion is also expected to give the token a boost it needs. It is expected that the entire industry will benefit from the approval of the investment product.
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Source: watcher.guru