🚀 Solana (SOL) Spikes on Spot ETF Momentum
Solana (SOL) jumped nearly 5%, breaking above $164, after reports surfaced that the U.S. SEC is moving forward with the process of approving spot SOL ETFs.
🟢 Key Highlights:
✅️The SEC requested amendments to S-1 filings from asset managers aiming to launch SOL ETFs.
✅️Feedback is expected within 30 days, signaling real progress in the approval pipeline.
✅️Asset managers like Fidelity, Grayscale, VanEck, and Franklin Templeton are actively seeking approval.
✅️This follows the successful launch of spot Bitcoin and Ethereum ETFs, and now Solana could be next.
📈 The price of SOL surged past $164 shortly after the news dropped, fueled by speculation and strong bullish sentiment.
Spot ETF = Institutional access.
Solana could be the next big crypto to gain regulated ETF exposure in the U.S.
