Approval of the ETF from BlackRock:
There are speculations about BlackRock's advance in filing for a Solana (SOL ETF) exchange-traded fund, with expectations that approval may occur in June or July 2025. However, there are no official confirmations from BlackRock or the U.S. Securities and Exchange Commission (SEC) yet.
In fact, some reports indicate that the chances of approval for SOL ETFs may be low at the moment due to regulatory hurdles. However, potential regulatory changes under new management in the United States (like the Trump administration) could increase the chances of approval in 2025 or 2026. This means that optimism regarding approval may be based on expectations of regulatory changes, but uncertainty still remains.
Bullish catalysts in the market:
The cryptocurrency market is experiencing positive momentum in 2025, supported by developments such as BlackRock's launch of the BUIDL fund on the Solana network#solana in March 2025, which enhances institutional confidence in the Solana ecosystem.
Increased decentralized finance (DeFi) activity on Solana#solana , with a 4-5% increase in realized capital over the past month (up to May 2025), supports this momentum. However, it should be noted that the market may experience price corrections, as you mentioned, especially with high volatility in the cryptocurrency market.
Solana-based currencies as a long-term investment:
Solana-based currencies#solana , such as those linked to DeFi or NFT projects or meme coins#MEME , could be attractive investment opportunities if the SOL ETF is approved, as it could increase liquidity and confidence in the ecosystem. However, it is advisable to wait for a market correction as you suggested, since price volatility could lead to better buying opportunities.
The SOL ETF approval could enhance liquidity and confidence in the ecosystem. However, it is advisable to wait for a market correction as you suggested, since price volatility could lead to better buying opportunities.
Investment advice:
Cryptocurrencies, including Solana$SOL and the projects built on it, are considered high-risk assets. It is advisable to conduct independent research and fundamental analysis for each project before investing. If you are waiting for a market correction, a support level at $120 may be a good entry point for Solana, as one analyst noted, but technical trends and regulatory news should be closely monitored.
