Solana will be able to handle 1M TPS in the future and possibly even more. The NASDAQ does like 50K TPS. Even if they did have to directly hold underlying Solana assets, the fees is so small it’s negligible. They might spend $500 a year in fees. That’s a big maybe as well.

More than likely they’ll buy large chunks and hold it because you’re required to own the assets within the ETF, they’ll see how much of the market buys and sells. Then go from there. If they need more buy some more chunks and if they feel like they’re holding onto too much they let some go.

ETF are the best ever if you are here for the money. It will also create legitimacy.

Bad. It will probably increase speculation.

Bad. It will create two layers of blockchain projects. Those with an ETF will increase significantly in market cap. And those without ETF will have it much more difficult to grow. And the winners will be chosen by wall street. Sure, some projects could attract enough attention to arrive at the top, and get their own ETF, but they will be based in what Wall Street considers desirable and it could be different of what us would like to see in a blockchain. Like maybe a Facebook crypto coin could be successful in that environment and that isn’t a good thing, in my opinion.

Anyway, the first impact will be an influx of huge amount of money for sure.