Breaking news! The SEC confirms acceptance of Invesco Galaxy's spot Solana ETF application!
Just now, official documents from the U.S. Securities and Exchange Commission (SEC) show that Invesco Galaxy's application for a spot Solana (SOL) ETF has been officially accepted! This means that after Bitcoin and Ethereum, Solana has officially entered the SEC's ETF review process, and SOL may become the third mainstream cryptocurrency to obtain a spot ETF!
Nuclear-level good news:
SEC's attitude subtly changes: The SEC's regulatory stance towards Solana has been vague, even suggesting that SOL might be classified as a security (refer to the XRP lawsuit). However, this acceptance of the ETF application hints that the SEC may not take a hardline approach against SOL and may even tacitly accept its non-security status!
Institutional funds are about to pour in: After the approval of the Bitcoin ETF, billions of dollars flowed into the market, driving BTC to soar. If the Solana ETF is approved, the same script will be replayed, and SOL may replicate Ethereum's performance, aiming for a market value of hundreds of billions!
Solana ecosystem explosion: Solana has become a 'performance monster' among public chains, with DeFi, NFTs, and Memecoins flourishing. If the ETF is approved, institutional funds + retail FOMO = price rocket!
Fu Xiang's exclusive prediction: How much can SOL rise?
Short-term (1-3 months): News catalyst, SOL breaks through $200, aiming for the previous high of $250.
Long-term (after ETF approval): Target $500-1000, market value surpassing XRP and Cardano, firmly in the top five.
Impact on the cryptocurrency market: These coins are about to take off!
SOL ecosystem tokens:
JTO (Jito): The largest liquid staking protocol on Solana, benefiting directly.
RAY (Raydium): Leading DEX, trading volume surges.
BONK, WIF: Memecoins on Solana, which may go crazy again.
Risk warning: Will the SEC make a move?
SEC may delay: Bitcoin ETF took 10 years, and Solana ETF may also require time.
Regulatory variables: If the SEC suddenly determines that SOL is a security, it will plummet in the short term, but the long-term value still depends on the ecosystem.
Operational advice: What should you do now?
Buy SOL on dips: Accumulate around 200, as ETF expectations will continue to ferment.
Ambushing ecosystem tokens: Low market cap projects like JTO and RAY may yield excess returns.
Beware of volatility: The cryptocurrency market is highly volatile, so manage your positions well!
Conclusion: The SEC's action marks the official entry of Solana into the 'institutional era'! If you missed the early dividends of Bitcoin ETF and Ethereum ETF, you absolutely cannot miss this opportunity with SOL! In the second half of the bull market, Solana is also a dark horse! Last month, Lao Chen hinted in an article to hold spot positions firmly. Although it is not as strong as Ethereum, it has already gained 25% profit.
Follow Fu Xiang, and catch the next 10x opportunity!
