Bitcoin ETFs have accumulated nearly $60 billion worth of BTC within 6 months post-launch. Based on conservative estimates, Ethereum ETFs are likely to attract approximately 50% of that amount within the same timeframe. That figure could even be higher than $30 billion due to asset re-hypothecation and passive income opportunities presented by the Proof-of-Stake consensus.
Taking a cue from the chart above, having attracted 30.85% of all bridged outflows from Ethereum in the past year, Solana is well-positioned to pull a sizeable amount of the potential spot ETH ETF fund inflows in the coming months.
If the inflows into the Solana DeFi ecosystem surge as predicted, invariably, SOL price is poised to experience considerable upside.
Solana Price Forecast: Bulls to Halt Further Downswings below $130
Solana is currently trading at approximately $102.74, experiencing a modest gain of 1.62% within the daily timeframe on June 23.
The price action shows SOL fluctuating within a descending triangle pattern, bounded by downward-sloping resistance and horizontal support. This pattern typically signals bearish continuation, but the strong defence of the 200-day SMA adds a layer of complexity to that outlook.
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