Expect THIS from SOL’s price IF a Spot Solana ETF is approved!

Solana [SOL]'s market performance over the last few years has attracted the attention of many Wall Street institutions recently...

‘s market performance over the last few years has attracted the attention of many Wall Street institutions recently. Hence, it is not surprising that some of them are now very keen on the idea of a spot Solana ETF.to list a Solana ETF in the United States. This filing closely follows a similar application submitted by its competitor – VanEck.

If the SEC classifies it as a security, 21Shares might withdraw its application altogether. This potential withdrawal would stem from the additional registration requirements that come with security ETFs, which 21Shares may be unwilling to meet.A potential spot Solana ETF is expected to boost the price of Solana , similar to how Bitcoin’s price surged after its spot ETF approval.by GSR Markets actually used Bitcoin’s 2.3x price hike as a jumping-off point.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can Solana reignite ‘Solana Summer’ amid price stagnation?Solana [SOL] has been the cryptocurrency market’s best performer in the past year.
Read more »

Solana price soars on VanEck spot ETF filingThe price of Solana (SOL-USD) is jumping after VanEck filed for a Solana EFT in the US called the VanEck Solana Trust. Yahoo Finance Reporter Jared Blikre...
Read more »

Solana hits $145, but signs point to a price correctionSolana [SOL] investors were rejoicing after multiple days of bearish price movement as the token’s weekly and daily charts turned green.
Read more »

Solana hits 30M milestone – The odds of SOL’s price reacting are…Solana [SOL] has been generating a lot of buzz in the crypto space with multiple token launches on the blockchain. However, apart from...
Read more »

Solana TPS hits 2000 as network activity rises: Will price follow?Solana's transactions per second (TPS) remained stable despite the growing activity on the network. How will SOL be impacted?
Read more »

Solana price prediction: Will SOL break out to hit $500 this cycle?For the last seven days, Solana's [SOL] price struggled to produce an impressive run. According to data from CoinMarketCap, the price of SOL
Read more »