Here's Why You Should Buy Solana Even After It Went Up 41% in 1 Year

Core Insights - Strength in the crypto market often leads to more strength, making it potentially costly to wait for the perfect buying opportunity [1] - Solana has seen a 41% increase over the past year, indicating ongoing demand and potential for further growth [2] Demand Drivers - The approval of a Solana exchange-traded fund (ETF) is anticipated in mid-October, which could significantly boost demand [4] - JPMorgan estimates potential first-year inflows from the ETF could reach approximately $1.5 billion, which would add to existing demand for Solana [5] - The development of Solana futures by CME Group suggests a favorable regulatory environment for ETF approvals [6] Policy and Institutional Support - The White House's executive order in March aimed at forming a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile could formalize government involvement in digital assets, potentially limiting the supply of coins available for trading [7] - Franklin Templeton's expansion of its tokenized U.S. government money market fund to Solana highlights the chain's appeal to institutional investors, likely leading to increased capital inflows [8]