Grayscale has applied for a Solana ETF, which is expected to receive approval in the long term. However, cryptocurrency analysis platform Matrixport warns of a potential price correction for Solana (SOL) due to the high funding rate of 70%. Historical data shows that such funding rate levels are often associated with price corrections, and Matrixport recalls a similar correction in March after reaching a similar funding rate. Investors are cautioned to expect a correction in Solana's price based on these funding levels.



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