GM.
This is Professor.
Solana ETFs, Market Recovery, new ATH?
🤑 Fear & Greed Index still at 74
👀 $SOL ETF very soon
📈 $SOL exponential gains
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Fear & Greed Index
Fear & Greed Index still at 74 but the market is pumping! Are we set to make new ATH?
On-chain Update
GSOL Gauge on Potential for SOL ETF
It’s conceivable that at some point SOL futures and SOL ETFs could be available for trading, but that day is still far off.
One way to gauge the likelihood of SOL exchange-traded funds is by looking at how far the market price of the Grayscale Solana Trust (GSOL) is trading from its net asset value.
Last year, analyzing the movements in the discount on the Grayscale Bitcoin Trust (GBTC) was a handy way to see investors’ collective view on the odds of a spot bitcoin ETF.
When that discount started to narrow significantly, it indicated that the unveiling of a spot bitcoin ETF was increasingly likely.
Likewise, when the discount on the Grayscale Ethereum Trust narrowed significantly, from 24% to less than 2%, this past May, it suggested that spot ether ETFs were imminent.
GSOL is different than GBTC and ETHE in that it’s not trading at a discount to NAV. On the contrary, it currently trades with a massive 633% premium!
Market Update
$SOL bound to do exponential gains in this bull cycle.
Blue line is the Exponential Moving Average indicator
We definitely have a bullish structure with Higher Highs, and Higher Lows.
Did you bagged more $SOL?
Want to know other ways to get more $SOL? You can do so by checking out SolHeist's pledge campaign.
On other note... just look at this $BTC chart (check out Top News for the video about this)
Meme of the Day
11
Stay tuned for our meme contest! Best meme wins POINTS.
You'll know more soon about these points.
Alpha.
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Fear & Greed Index
Greed index is still at 74
2%+ and we're about to break ATH for $BTC
Are you buying the dip?
On-chain Update
Solana users:
Solana monthly active users increased by +28.7% thus resulting to the growth of Solana meme projects such as SolHeist
Market Update
$SOL
Support price at $126 hopefully it holds to bring us further to the upside
Right now the market is consolidating or moving sideways
But the overall outlook is BULLISH!
Did you bagged more $SOL?
Did you know? You can earn $SOL through SolHeist. We have a 100% bonus!
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You don't want to be late when we go 1000x or more.
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