#SECETFApproval The possible approval of a Solana ($SOL) ETF by the SEC is generating a stir in the crypto market, with significant implications for Binance and trend trading. According to recent sources, the SEC has requested issuers such as Grayscale, VanEck, and Fidelity to update their S-1 forms, including language about staking, suggesting a potential approval for October 2025, or even earlier, in 3-5 weeks. Bloomberg estimates a 95% probability of approval this year, driven by the precedent of Bitcoin and Ethereum ETFs, and the pressure to expedite processes following the automatic approval of the REX-Osprey SOL Staking ETF.
For $SOL on Binance, this could spike liquidity and attract institutional investors, boosting its price, which is around $159. Traders can take advantage of this expectation with trend trading strategies, monitoring supports ($144) and resistances ($159) along with indicators like RSI and MACD. However, regulatory uncertainty and the classification of $SOL as a potential security persist. Correlated coins: $ETH and $XRP. Manage risks with stop-loss and follow SEC news to capitalize on movements.