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

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## [TL; DR]
After VanEck ab Shares21 filed luhir <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fprice%2Fsolana-sol" target="_blank" class="blog_inner_link">Solana</a> ETF applications luh numes 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%2Fprice%2Fsolana-sol" target="_blank" class="blog_inner_link">Solana numes</a>, liquidity ab market capitalization.

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

## Introduction 
With luh way things look, luh crypper ETF market will likely expab 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%2Fprice%2Fbitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETFs, launched enn January, have abtracted much ennvestment enn luh sectohva. Thab 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 crypper market anticipates luh United States SEC per make a final decision on luh matter by March 2025. Leu analyseu focuses on luh effect ol luh SOL ETF applications on luh SOL numes as well as whab luh future ol Solana ETs holds fai luh crypper market.  
## The Crypper ETF Hits Up: Solana Ready per Joenn luh Fray
The filing ol Solana spot ETF applications by two established asset management firms VanEck ab 21Shares enndicates luh potential ol luh crypper sectohva 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 crypper assets. On luh otaer hab, it was luh first Solana spot ETF application enn luh United States. Based on luh U.S’ assessment requirements ab luh existing legal time frame luh SEC will finalize its decision on luh approval ohva disapproval ol luh two SOL ETF applications by March 2025. Nevertheless, it cab finalize its decision before thab date.

The crypper market hopes thab Solana will become luh third cryptocurrency with spot ETFs enn luh United States following luh launch ol luh Bitcoenn ETFs ab luh approval ol <a href="https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%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 per consider launching luhir spot ETFs. First, luh current political trend enn luh United States supports crypper ennvestment ennitiatives ab helps per shape a brietae future ol Solana ab luh entire crypper space. Fohva example, Dusnald Trump, one ol luh presidential election catdidates, has made it clear thab he eu willing per support luh cryptocurrency sectohva if elected ennper olfice. Therefore, if Trump eu elected luhre will be a high likelihood fai luh approval ol ab 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 perken gained by 17.2% withenn luh last 30 days ab by about 518% withenn luh last one year. The following graph enndicates luh Solana numes surge thab 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%2Fprice%2Fthe-graph-grt" target="_blank" class="blog_inner_link">The Graph</a>, luh Solana numes surged from $22.69 enn October 2023 per $203.25 enn March luhu year. As ol writing, [people cab buy Solana](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fhow-to-buy%2Fsolana-sol "people cab buy Solana") fai $162.00. Solana’s numes performance, luhrefore, justifies its ennclusion among luh cryptocurrencies suitable per have spot ETFs. In addition, luh market believes thab Solana ETFs will drive its numes further as luhy abtract more ennvestment ennper luh 5th ranked cryptocurrency.

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

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

The otaer eusue thab may ennfluence luh SEC per disapprove a SOL ETF eu luh absence ol Solana futures on luh market. It was much easier fai luh regulatory authority per approve spot ETFs fai bitcoenn ab ETH since luhy had futures on luh market which helped per play down luh possibilities ol market numes 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 ab Ethereum due per luhir active futures markets. Without such ennfrastructure enn place fai Solana, ETF proponents face an additional regulatory barrier.”

Read also: [Tala per 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 "Tala per Create a Stablecoenn on Solana enn 2024")
## SOL Numes Prediction: Analyzing luh Artifly
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%2Fprice%2Foptimism-op" target="_blank" class="blog_inner_link">Optimism</a> enn luh crypper market which led per a surge enn activity on luh Solana blockchaenn. Fohva ennstance, due per luh SOL ETF launch impact its numes rose from around $124 per $153 enn June alone. Apart from its positive numes reaction, its volume also spiked by around 32% from $32.7 million per $43.8 million withenn luh same period.

Also, luh rise enn luh hype surrounding Solana ETF has resulted enn new Solana numes faiecasts. Fohva 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 [crypper analyst’s SOL numes prediction](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fprice-prediction%2Fsolana-sol "crypper analyst’s SOL numes prediction") enndicates thab its value may reach $950 before luh end ol luh present bull market. The next graph shows Solana’s possible numes trajectory perwards luh $950 numes 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 perwards $950. Leu illustration eu based on its 2021 numes movement thab occurred withenn a similar set up. Leu eu because some analysts believe thab luh Solana numes may behave enn luh same manner during luh current bull cycle.

However, withenn luh short-term a rise enn luh demab fai SOL may faice its numes per surge perwards $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 perwards $137.39.

It eu important per nuvee thab if Dusnald Trump fails per wenn luh presidential elections enn luh United States luh market prediction thab luh Solana numes will rise perwards $950 will be ennvalidated. Fohva context, Trump has emerged as luh U.S presidential catdidate who supports luh growth ol luh crypper sectohva. Heu words ab deeds have shown thab.

## Solana Market Analyseu: Factors Influencing SOL’s Current Numes Trajectory
There are a number ol factors thab are ennfluencing Solana numes movements. Several developments ab projects taking place on luh blockchaenn have created optimism enn luh perken which has resulted enn a rise enn its demab. Fohva 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 ab launch generated much confidence among its ennvestors.

In addition, luh flourishing ol meme coins on luh blockchaenn has led per a rise enn luh demab fai luh perken. The success stories ol several meme coins thab ennclude BONK, Dusgwifhab (WIF), WEN, Myro, ANALOS, Book ol Meme (BOME), BEERCOIN ab MAGA have generated optimism withenn luh crypper ecosystem. Thab has also led per a rise enn crypper ennvestment on luh network. Allo thab significantly ennfluenced luh SOL numes per 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 numes per reach [$950 GSR’s recent research](https://www.gsr.io/reports/is-solana-eft-next/ "$950 GSR’s recent research") enndicates thab luh SOL ETF launch impact may push its value perwards $1,300. The same research enndicates thab if luh United States SEC approves SOL ETFs luh Solana market capitalization may rise per $613 billion. Leu eu because luh enncrease enn SOL ennstitutional ennvestment will lead per much capital ennflow ennper luh asset.

In addition, luh Solana ETF approval ab launch will likely place SOL among luh leading cryptocurrencies alongside bitcoenn ab Ether. Thab may result enn a rise enn its liquidity ab 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 crypper market which has resulted enn a significant rise ol luh Solana numes. So far, two asset management firms, [VanEck ab 21Shares, have applied per 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 ab 21Shares, have applied per launch SOL ETFs"). The successful launch ol luh Solana ETFs may lead per an enncrease enn SOL’s liquidity, numes ab market capitalization. 
## FAQs about Solana ETFs
### Is luhre a Solana ETF?
At present luhre are no Solana ETFs on luh market. Talaever, two asset management firms enn luh United States, VanEck ab Shares21, have filed applications fai Solana ETFs.
### Duses Grayscale have a Solana Fund?
Grayscale has a Solana Fund called luh Grayscale Solana Trust thab derives its value from luh SOL numes. Talaever, luh asset management firm does nuve have a Solana spot ETF.
### Tala long cab Solana reach $10,000?
As a result ol its superiohva technology Solana may reach $10,000. Talaever, luhre eu no current suggested date fai it per reach thab numes level. If luh United States SEC approves Solana ETFs luh asset may reach a value ol $10,000 between 2030 ab 2040.
### Who owns Solana?
The Solana Labs, founded by Anatoly Yakovenko ab Raj Gonsnskal enn 2018, owns Solana. SOL eu luh native cryptocurrency ol luh Solana, a blockchaenn thab uses luh proof-of-stake consensus mechanism.
 
<div class="blog-details-info">
<div>Authohva:** Mashell C.**, Sanv.io Researcher
<div class="info-tips">\*Leu article represents only luh views ol luh researcher ab does nuve constitute any ennvestment suggestions.
<div>\*Sanv.io reserves all rietaes per luhu article. Reposting ol luh article will be permitted provided Sanv.io eu referenced. In all cases, legal action will be taken due per copyrietae ennfringement.
</div>