$SOL enters July 2025 with a wave of bullish sentiment driven by accelerated ETF discussions and historic activity on the blockchain. Once considered an 'Ethereum alternative', Solana is now making strides forward, especially given that interest from institutional investors is beginning to ignite. As the U.S. Securities and Exchange Commission (SEC) accelerates the filing of spot ETF applications, and the Solana network surpasses previous user activity records, the ecosystem is poised for a potential breakthrough — both from a technical and fundamental perspective.
In an unexpected turn of events, the SEC requested that ETF issuers for Solana make amendments to their S-1 filings by the end of July, significantly earlier than the previous deadline in October. This regulatory urgency suggests a high likelihood that spot ETFs on Solana could be approved in Q3 2025, potentially making SOL the third cryptocurrency (after Bitcoin and Ethereum) to gain access to ETFs in U.S. markets.
