Dude, the SEC put the brakes on Solana ETFs and the coin didn't care! 🤯
Look, the SEC, which is the U.S. Securities and Exchange Commission, just said "wait" to the applications for Solana funds. They extended the deadline to October 2025 because, according to them, they need more time to determine if Solana is a currency or a security. I mean, the same story they told with Bitcoin and Ethereum before approving their ETFs. But what does Solana do? It rises 4.5% this week! It laughs in the face of regulators! 🚀
This is the climax of the matter: while the SEC bureaucrats are putting up hurdles, institutional investors (the big players with the money) are going all in on Solana. There's an investment fund, the REX Shares Solana Staking, that already has more than $150 million and received $13 million in just one day. This is a clear sign that the "sharks" of finance have faith in Solana, regardless of what the SEC says.
The market is reading the SEC's move as a mere formality, not a signal of danger. On the contrary, they see that Solana's price is strong, staying above its averages, and according to experts, it could break the $198 barrier to continue rising, perhaps even to $214. So, while BlackRock, one of the investment giants, is staying on the sidelines of Solana (for now), others are seizing the opportunity to grab a piece of the pie.
The message is clear: the market is betting that approval will come one way or another. If the green light is given in October, this could attract billions of dollars to Solana, consolidating it as one of the top cryptos, alongside Bitcoin and Ethereum.
Could it be that the next big rise of Solana is just around the corner, despite the obstacles?$SOL $BTC $ETH
