Solana Community Awaits U.S. SEC Decision on SOL-ETF Applications
The Solana (SOL) community is eagerly awaiting the U.S. regulator’s decision on applications for exchange-traded funds (ETFs).
Investor Ted Pillows reminded that the U.S. SEC has until October 16 to issue a ruling on these filings.
Several asset managers, including Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck, have submitted their applications to the Securities and Exchange Commission (SEC).
If the SEC gives the green light, it would grant Solana institutional recognition and boost its adoption. Approval could also positively impact the altcoin’s price.
Over the past seven days, Solana has dropped 16.5%, yet gained 2.5% in the past 24 hours, climbing to $198.
Meanwhile, investor activity has surged — trading volume rose 26.36% to $11.97 billion, suggesting that traders may be betting on a price rally if the SEC approves the ETF.
According to some analysts, a positive regulatory decision could lift SOL to $345–520, with the most optimistic forecasts targeting as high as $1,000.
See also: "Bitcoin Price Today: Falls to $113K Amid U.S.–China Trade Tensions"
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