Cboe refiling for Solana ETFs reignites SEC review process By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
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Source: Investing.com
Cboe BZX Exchange's ETF Resubmission: The Cboe BZX Exchange has resubmitted filings for four asset managers to list spot Solana ETFs in the U.S., marking a renewed effort under the SEC's more crypto-friendly leadership, potentially making Solana the third cryptocurrency with an approved spot ETF.
Broader Cryptocurrency ETF Interest: Alongside Solana, asset managers are also considering spot ETFs for other cryptocurrencies like XRP and Litecoin, with estimates suggesting that an approved Solana ETF could attract $3 billion to $6 billion in net assets within its first year.
Analyst Views on GSOL
Wall Street analysts forecast GSOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GSOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 9.650
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Current: 9.650
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
