$SOL

The main digital currency Solana (SOL) is preparing for a significant price breakthrough if its exchange-traded fund is approved, according to renowned cryptocurrency analyst Alex Carter. The fifth largest cryptocurrency by market capitalization is currently trading within a narrow range, but analysts point to the highly anticipated SOL ETF, which is on the horizon. Approval of these traded tokens is expected to lead to significant inflows for the digital currency.

Solana recently received a boost when the first exchange-traded fund for staking was launched last week, leading to inflows worth tens of millions of dollars; however, this alone is not enough.

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