"Markets are still heavily mispricing a republican sweep and upside for the industry is likely much higher than previously anticipated," Syncracy Capital co-founder Daniel Cheung said in an X post. "SOL ETF likely happens in Q1 2025 putting SOL in a position to flip ETH and even trade at $1000."
Rennick Palley, founding partner at crypto venture fund Stratos, stated in July that SOL was "poised to be the next token with an ETF" as investors widely believe that tokens "won't be viewed as securities by the Trump admin."
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