#XRP
Delay of the Solana ETF and Capital Movement
The delay in the approval of a spot Solana ETF in the US caused a drop in the price of SOL, reflecting the frustration of market expectations that anticipated a positive impact similar to that seen with Bitcoin and Ethereum ETFs.
In light of prolonged regulatory uncertainty and price correction, some SOL holders are reallocating capital to assets perceived as safer or with clearer regulatory prospects in the short term. The main destinations for this migrating capital are:
1. **Ethereum (ETH):** Benefiting from the expectation of approval for its own spot ETF soon.
2. **Bitcoin (BTC):** Considered "digital gold" and with an already approved and operational ETF, attracting capital in search of relative stability.
3. **DeFi Projects within the Solana Ecosystem:** Some investors prefer to reallocate to applications within the Solana network itself (such as Jito, Kamino, Marginfi), betting on the growth of the ecosystem despite the ETF setback.
