Breaking News: Solana ETF is coming, and it's happening fast!

The U.S. SEC suddenly asked companies applying for a Solana spot ETF to update their documents within a week. This move greatly accelerates the process, which originally took four months; it may now only take 3-5 weeks! The results could be known as early as July 2. Bloomberg analysts say the approval probability is as high as 90%, almost a sure thing.

Even more exciting, the SEC has actively allowed the ETF to include staking features this time! Previously, all cryptocurrency ETFs were not allowed to implement staking; now holders of the Solana ETF can earn additional staking rewards, which is like money for nothing! As soon as the news broke, the SOL price surged 7%, and buying activity was so intense that exchanges experienced delays.

This means that once approved, large institutions like Grayscale and VanEck will flood the Solana market with hundreds of billions in funds. Let's not forget that the first Solana staking ETF released in Canada last month was instantly sold out. If the U.S. follows suit, Solana's market capitalization could very well double from $80 billion to $160 billion! Solana itself is fast and has low fees, and ETF approval would be a significant boost.

The market has already begun to celebrate: large holders have quickly withdrawn $300 million worth of SOL from Binance in the past few days, stockpiling before the ETF launch. Although some are concerned about the SEC changing its mind, this process is identical to the one for the Ethereum ETF, and Bloomberg even predicts that “the summer of altcoin ETFs” is coming!

How high do you think Solana can go? Hurry and share this with your friends! 🔥 #SOL $SOL #加密市场反弹