The U.S. Securities and Exchange Commission (SEC) is expected to announce its decision on several spot Solana (SOL) exchange-traded fund (ETF) applications by October 16. Major asset managers such as Franklin Templeton, Fidelity, Bitwise, and Grayscale are among those awaiting the ruling, which could significantly influence Solana's institutional adoption and market price. Ahead of the SEC's decision, Solana's trading volume has surged by 26%, reaching $11.97 billion, as investors position themselves for potential outcomes. Analysts suggest that an approval could propel Solana's price to between $345 and $520, reflecting heightened market anticipation.