A Solana ETF could be a way out of the “memechain” narrative that has been attached to Solana. Since its launch in 2020, Solana has been known primarily as a memecoin trading hub, with platforms like Pump.fun having issued over 7.5 million tokens and raising over $550 million ¹.
However, with the approval of a Solana ETF expected this year, Solana could transform into a major player in the digital finance ecosystem. This ETF would provide broader access to investors and increase Solana’s legitimacy within the traditional finance (TradFi) ecosystem ².
An ETF approval would also increase Solana’s credibility in the financial sector, as investors could gain exposure to SOL through a regulated financial instrument, without having to deal with the risks of directly owning the token ³.
As such, a Solana ETF could be a major catalyst that could change public perception and boost Solana’s credibility with institutional investors.
source : Tokocrypto 👍🏿