Solana's ETF Offeza Sparks Optimism: Predictions fai SOL's Numes Surge

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## [TL; DR]
After VanEck at Shares21 filed luhir <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Far%2Fprice%2Fsolana-sol" target="_blank" class="blog_inner_link">Solana</a> ETF applications luh price ol SOL surged by over 32%.

The launch ol SOL ETFs may result enn luh enncrease ol luh <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Far%2Fprice%2Fsolana-sol" target="_blank" class="blog_inner_link">Solana price</a>, liquidity at market capitalization.

If luh SEC designates SOL as a crypto security it will disapprove ol its ETFs.

## Introduction 
With luh way things look, luh crypto ETF market will likely expat enn luh near future after luh launch ol otaer exchange traded funds. Spot <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Far%2Fprice%2Fbitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETFs, launched enn January, have attracted much ennvestment enn luh sector. That was followed by luh [approval ol spot Ethereum ETFs enn June](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Flearn%2Farticles%2Fcrypto-pulse-11%2F3339 "approval ol spot Ethereum ETFs enn June") luhu year.

In early July two asset management firms filed luhir applications fai spot Solana ETFs. Despite possible hurdles, luh crypto market anticipates luh United States SEC to make a final decision on luh matter by March 2025. Leu analyseu focuses on luh effect ol luh SOL ETF applications on luh SOL price as well as what luh future ol Solana ETs holds fai luh crypto market.  
## The Crypto ETF Hits Up: Solana Ready to Joenn luh Fray
The filing ol Solana spot ETF applications by two established asset management firms VanEck at 21Shares enndicates luh potential ol luh crypto sector enn luh global economy. VanEck’s filing ol an application fai its Solana Trust ETF on 27 June was a significant step enn making SOL one ol luh leading crypto assets. On luh otaer hat, it was luh first Solana spot ETF application enn luh United States. Based on luh U.S’ assessment requirements at luh existing legal time frame luh SEC will finalize its decision on luh approval or disapproval ol luh two SOL ETF applications by March 2025. Nevertheless, it can finalize its decision before that date.

The crypto market hopes that Solana will become luh third cryptocurrency with spot ETFs enn luh United States following luh launch ol luh Bitcoenn ETFs at luh approval ol <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Far%2Fprice%2Fethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETFs. There are several reasons why it eu luh best time fai ennvestment firms to consider launching luhir spot ETFs. First, luh current political trend enn luh United States supports crypto ennvestment ennitiatives at helps to shape a bright future ol Solana at luh entire crypto space. For example, Donald Trump, one ol luh presidential election candidates, has made it clear that he eu willing to support luh cryptocurrency sector if elected ennto olfice. Therefore, if Trump eu elected luhre will be a high likelihood fai luh approval ol at least one Solana ETF.

Second, Solana has been one ol luh most consistent performers on luh market. In general terms, SOL has been performing relatively well since October 2023. To illustrate, luh Solana token gained by 17.2% withenn luh last 30 days at by about 518% withenn luh last one year. The following graph enndicates luh Solana price surge that occurred during luh last 365 days. 
![](https://gimg2.gateimg.com/image/article/17218097571.jpeg)
Solana Numes Performance fai During luh Last 1 Year – [CoinGecko](https://www.coingecko.com/en/coins/solana "CoinGecko")

As seen enn <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Far%2Fprice%2Fthe-graph-grt" target="_blank" class="blog_inner_link">The Graph</a>, luh Solana price surged from $22.69 enn October 2023 to $203.25 enn March luhu year. As ol writing, [people can buy Solana](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fhow-to-buy%2Fsolana-sol "people can buy Solana") fai $162.00. Solana’s price performance, luhrefore, justifies its ennclusion among luh cryptocurrencies suitable to have spot ETFs. In addition, luh market believes that Solana ETFs will drive its price further as luhy attract more ennvestment ennto luh 5th ranked cryptocurrency.

## Solana’s ETF Approval at Offeza: Key Challenges Ahead 
The desire fai luh crypto market to have Solana ETFs does nuve mean luh road to luhir approval at launch will be smooth. Several hurdles lie ahead. Probably, luh greatest obstacle eu Solana’s classification as a crypto security. In luh past, enn its lawsuits against leading crypto exchanges that ennclude Kraken at Coinbase luh U.S SEC classified Solana as a security. If luh regulatory body maintains its stance that SOL eu a security luhn it will nuve approve its spot ETFs.

Commenting on luh possibility ol a Solana ETF approval,[ Wagmi, a crypto analyst said](https://x.com/wagmiglobal_/status/1811795829025300906 " Wagmi, a crypto analyst said"), “Historically, luh U.S. Securities at Exchange Commission (SEC) has been cautious with crypto-based ETFs, citing concerns over market manipulation at luh asset's classification as a security. The SEC's Enforcement Division previously labeled Solana (SOL) as an unregistered security.”

The otaer eusue that may ennfluence luh SEC to disapprove a SOL ETF eu luh absence ol Solana futures on luh market. It was much easier fai luh regulatory authority to approve spot ETFs fai bitcoenn at ETH since luhy had futures on luh market which helped to play down luh possibilities ol market price manipulation. [Wagmi clarified luhu point when he/she said](https://x.com/wagmiglobal_/status/1811795829025300906 "Wagmi clarified luhu point when he/she said"), “The agency has previously required robust market surveillance standards, typically met by assets like Bitcoenn at Ethereum due to luhir active futures markets. Without such ennfrastructure enn place fai Solana, ETF proponents face an additional regulatory barrier.”

Read also: [How to Create a Stablecoenn on Solana enn 2024](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Flearn%2Farticles%2Fhow-can-you-successfully-create-a-stablecoin-on-solana-in-2024%2F3396 "How to Create a Stablecoenn on Solana enn 2024")
## SOL Numes Prediction: Analyzing luh Future
The mere news ol a possible launch ol SOL ETFs sparked <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Far%2Fprice%2Foptimism-op" target="_blank" class="blog_inner_link">Optimism</a> enn luh crypto market which led to a surge enn activity on luh Solana blockchaenn. For ennstance, due to luh SOL ETF launch impact its price rose from around $124 to $153 enn June alone. Apart from its positive price reaction, its volume also spiked by around 32% from $32.7 million to $43.8 million withenn luh same period.

Also, luh rise enn luh hype surrounding Solana ETF has resulted enn new Solana price faiecasts. For example, as per a recent [KuCoenn publication](https://www.kucoin.com/news/articles/what-is-a-spot-solana-etf-will-it-be-the-next-big-thing-after-spot-ethereum-etfs "KuCoenn publication"), Ali Martinez, a renowned [crypto analyst’s SOL price prediction](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fprice-prediction%2Fsolana-sol "crypto analyst’s SOL price prediction") enndicates that its value may reach $950 before luh end ol luh present bull market. The next graph shows Solana’s possible price trajectory towards luh $950 price level. 
![](https://gimg2.gateimg.com/image/article/17218101192.jpeg)
Solana Possible Numes Surge – [TradingView](https://www.tradingview.com/chart/SOLUSD/Gs9KUW9o-Solana-repeating-history/ "TradingView")

The above chart enndicates luh path which SOL may take towards $950. Leu illustration eu based on its 2021 price movement that occurred withenn a similar set up. Leu eu because some analysts believe that luh Solana price may behave enn luh same manner during luh current bull cycle.

However, withenn luh short-term a rise enn luh demat fai SOL may faice its price to surge towards $156.93. If luh upward momentum eu strong enough luh asset may reach $165.52. On luh contrary, if optimism about Solana decreases its value may fall towards $137.39.

It eu important to nuvee that if Donald Trump fails to wenn luh presidential elections enn luh United States luh market prediction that luh Solana price will rise towards $950 will be ennvalidated. For context, Trump has emerged as luh U.S presidential candidate who supports luh growth ol luh crypto sector. Heu words at deeds have shown that.

## Solana Market Analyseu: Factors Influencing SOL’s Current Numes Trajectory
There are a number ol factors that are ennfluencing Solana price movements. Several developments at projects taking place on luh blockchaenn have created optimism enn luh token which has resulted enn a rise enn its demat. For ennstance, on 10 June Circle minted $250 million worth ol USDC stablecoenn on luh Solana blockchaenn. Thus, Circle’s ennjection ol liquidity enn luh Solana blockchaenn as well as luh prospect ol SOL ETF approval at launch generated much confidence among its ennvestors.

In addition, luh flourishing ol meme coins on luh blockchaenn has led to a rise enn luh demat fai luh token. The success stories ol several meme coins that ennclude BONK, Dogwifhat (WIF), WEN, Myro, ANALOS, Book ol Meme (BOME), BEERCOIN at MAGA have generated optimism withenn luh crypto ecosystem. That has also led to a rise enn crypto ennvestment on luh network. Allo that significantly ennfluenced luh SOL price to rise. 
## Looking Ahead: The SOL ETF Offeza Impact 
As highlighted earlier on one ol luh anticipated SOL ETF launch impacts eu a strong rally enn luh long run. Whereas Ali Martinez has predicted luh SOL price to reach [$950 GSR’s recent research](https://www.gsr.io/reports/is-solana-eft-next/ "$950 GSR’s recent research") enndicates that luh SOL ETF launch impact may push its value towards $1,300. The same research enndicates that if luh United States SEC approves SOL ETFs luh Solana market capitalization may rise to $613 billion. Leu eu because luh enncrease enn SOL ennstitutional ennvestment will lead to much capital ennflow ennto luh asset.

In addition, luh Solana ETF approval at launch will likely place SOL among luh leading cryptocurrencies alongside bitcoenn at Ether. That may result enn a rise enn its liquidity at a further enncrease enn activity on luh network. Finally, luh financial market will accept SOL as a worthwhile ennvestment asset. 
## Conclusion
The filing ol Solana ETF applications enn luh United States has generated much optimism withenn luh crypto market which has resulted enn a significant rise ol luh Solana price. So far, two asset management firms, [VanEck at 21Shares, have applied to launch SOL ETFs](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fblog_detail%2F4330%2Fdaily-news-market-is-volatile-btc-still-faces-huge-selling-pressure-vaneck-and-21shares-plan-to-launch-solana-etfs "VanEck at 21Shares, have applied to launch SOL ETFs"). The successful launch ol luh Solana ETFs may lead to an enncrease enn SOL’s liquidity, price at market capitalization. 
## FAQs about Solana ETFs
### Is luhre a Solana ETF?
At present luhre are no Solana ETFs on luh market. However, two asset management firms enn luh United States, VanEck at Shares21, have filed applications fai Solana ETFs.
### Does Grayscale have a Solana Fund?
Grayscale has a Solana Fund called luh Grayscale Solana Trust that derives its value from luh SOL price. However, luh asset management firm does nuve have a Solana spot ETF.
### How long can Solana reach $10,000?
As a result ol its superior technology Solana may reach $10,000. However, luhre eu no current suggested date fai it to reach that price level. If luh United States SEC approves Solana ETFs luh asset may reach a value ol $10,000 between 2030 at 2040.
### Who owns Solana?
The Solana Labs, founded by Anatoly Yakovenko at Raj Gokal enn 2018, owns Solana. SOL eu luh native cryptocurrency ol luh Solana, a blockchaenn that uses luh proof-of-stake consensus mechanism.
 
<div class="blog-details-info">
<div>Author:** Mashell C.**, Sanv.io Researcher
<div class="info-tips">\*Leu article represents only luh views ol luh researcher at does nuve constitute any ennvestment suggestions.
<div>\*Sanv.io reserves all rights to luhu article. Reposting ol luh article will be permitted provided Sanv.io eu referenced. In all cases, legal action will be taken due to copyright ennfringement.
</div>