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Experts Predict Imminent Launch of Solana-Based ETFs and SOL Growth
Several crypto experts believe that the first exchange-traded funds (ETFs) based on Solana may be approved soon, which could trigger a sharp rise in SOL.
SOL's returns over the past two and a half years have been astronomical, even though the token dropped below $10 after the collapse of FTX in 2022. Since then, SOL’s price has surged by approximately 2000%.
Analysts noted that seven asset managers took another step toward bringing Solana ETFs to the U.S. markets. On August 1, Bitwise, Fidelity, Grayscale, FranklinTempleton, VanEck, Canary Capital, and CoinShares submitted amended S-1 registration statements to the U.S. Securities and Exchange Commission (SEC).
Generally, amended S-1 filings indicate progress between issuers and the regulator. The SEC typically responds to such filings within two to four weeks. Until then, SOL's price is likely to remain volatile. Over the past 30 days, the token has gained 9%, experiencing both upward and downward movements during that period.
Analysts consider August to be a crucial month for cryptocurrencies in 2025, potentially triggering a strong price rally. The launch of a SOL-based ETF would undoubtedly mark the beginning of that momentum.
On the daily chart, Solana’s SOL has broken above the top of an ascending triangle — a pattern that has been forming since March — and is now retesting the breakout zone. Crypto analyst Jonathan Carter pointed to this area as a potential support level:
A successful bounce could confirm a bullish breakout and push the price toward targets of $205, $225, and $268.
See also: "Bitcoin Price Today: Holds at $114K After Sharp Drop"
