The U.S. Securities and Exchange Commission (SEC) is expected to announce its decision on the first spot Solana (SOL) ETF by October 10, 2025, with a 95% likelihood of approval. Major financial firms, including Grayscale, VanEck, and Fidelity, have submitted S-1 filings for the ETF. The SEC's classification of Solana as 'likely a commodity' is a significant factor in the anticipated approval.
Market analysts suggest that if Solana breaks through the $230–$250 resistance level, it could surge towards $400. This potential price movement is supported by the ETF approval narrative and increasing institutional interest in Solana.
SEC Poised to Approve First Spot Solana ETF with 95% Probability
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