CandleFocus Solana ETF to Be Next, Pantera Capital Points Out
2025-02-15
Author: Content Editor
According to Pantera Capital, Solana (SOL) is a strong candidate to receive its own spot ETF in the U.S. due to increased developer and economic activity, rapid ecosystem growth, and the robust performance of SOL's price. Solana has become a dominant smart contracts platform, attracting new developers and surpassing Ethereum in generated fees. Its flagship product, Raydium, has surpassed Uniswap in trading volume for two consecutive months. Solana also leads in new token creation and has generated more revenue compared to Ethereum. The U.S. SEC is expected to announce its verdict on potential Solana ETFs by March 15, 2025.
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