๐จ **LATEST: Solana ETF Approval ๐**
Odds of a spot Solana ETF being approved by Julyโฏ31 have surged โ jumping from 63% to 76% in just 24โฏhours, according to Polymarket ๐ .
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๐ Why It Matters for Crypto Traders:
โ High odds & looming deadline: A July approval could unleash major inflows into SOL.
โ Market positioning: Traders may already be leaning long, but there's still room for a breakout.
โ Volatility alert: Expect sharp SOL price action around any SEC updates.
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๐งญ What to Watch:
1. SEC decision by Julyโฏ31 โ any hint could trigger big moves.
2. Institutional interest โ Firms like CoinShares (8th filer) raising expectations .
3. Onโchain & OTC volumes โ look for growing activity as ETF optimism climbs.
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๐ฏ Quick Trader Take:
With odds now at ~76%, expect increased positioning ahead of July cutoff. This could mean momentum plays, spikes in volatility, and rotation into SOL leading up to the decision.
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