The SEC is dragging again! Is the Solana ETF hanging in the balance? But institutions have already quietly positioned themselves, and an 8-fold surge script is unfolding!
The SEC has put the brakes on Fidelity's spot Solana ETF again! Just yesterday, on July 7, the SEC announced a delay in the approval decision, marking the second postponement!
What trick is the SEC playing?
Standard delaying tactic: they opened a 'public opinion consultation period', allowing everyone to comment within 21 days and rebut within 35 days. In short, it's just dragging time.
The lack of clear rules is a hard injury: experts directly point out that the SEC hasn't figured out how to approve coins other than Bitcoin and Ethereum! This delay has once again exposed this issue.
Is internal reform 'distant water'? I've heard that the SEC wants to cut the approval time from 200 days to 75 days? Sounds great, but for those eagerly waiting for the Solana ETF, it's of no use!
Is the market scared? Not at all!
Institutions 'curve-saving the country': Smart institutions like REX Financial and Osprey Funds have directly created a 'REX-Osprey Sol + Staking ETF'! They don't buy SOL directly but through special design, allowing you to still earn SOL and staking rewards! This operation is amazing!
The SOL price is as stable as an old dog: Interestingly, when the news came out, the SOL price hardly dropped and remained around $170! Why? Because when the first delay happened in May, SOL actually rose against the trend by 2.7%! Long-time investors have seen through this: the SEC's 'dragging' does not mean 'rejection'!
Market consensus: Big players generally believe that the approval of the Solana ETF is just a matter of time, the only question is when it will be approved! Panic? Not happening.
The most explosive news is here: an 8.9 times surge script?
Let's look at the 'precedent' of Bitcoin ETF:
The Bitcoin ETF soared 2.3 times from rumor to approval!
What about Solana? Analysts boldly predict:
Conservative calculation: 3.4 times!
Crazy calculation: 8.9 times!
The logic is simple: the SOL market cap is much smaller than BTC's, so with the same amount of money coming in, the tide will rise! Imagine that scene...
Big D's sharp commentary:
The SEC's delays have long been seen through by the market! Institutions are quietly positioning themselves, and the price is as stable as a mountain, with the betting odds for a surge by the end of the year reaching 85%! October is the decisive moment! The entire crypto circle is waiting for the SEC to finally pull the trigger. Will it ignite a super rally for SOL, or continue to play the 'dragging' game? We will wait and see! Remember, in the crypto world, a delay ≠ rejection; it's often just the calm before the storm!
$SOL
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