Grayscale and Fidelity don submit Solana ETF application as regulatory things dey change
Grayscale Investments don file S-1 with U.S. SEC to list dia Solana trust as ETF on top NYSE under ticker wey be ‘GSOL’, wey dey hold spot Solana as dia asset. Dis filing dey happen as U.S. regulatory policy dey change, with similar applications from Canary Capital and VanEck, while Fidelity Investments dey plan to bring Solana ETF too. Even though institutions dey show interest recently, Solana price don drop because market dey weak as trade war dey worry people and investors no wan risk. If dem approve dis ETFs, e fit channel traditional investments into Solana, wey go give institutions exposure and fit make di price stable for market wey dey up and down.
Bearish
Di way Solana price dey fall dey go down, even with plenty big company wey dey show interest for di new ETF dem dey file, e dey show say market no dey smile at all, and plenty tins dey cause am like trade war and how investors no wan take risk. Even though if dem bring Solana ETF, e fit make market dey stable for long time and make big company dem dey invest more, di price still dey fall because of how market be now.