What happened?
The SEC has a string of Solana spot ETF decisions due by October 10 and approval odds are now close to 100%. REX‑Osprey already launched the first SEC‑approved Solana spot ETF with built‑in staking rewards and it has gathered over $400 million. Major firms like Grayscale, Fidelity, Franklin Templeton and VanEck are awaiting their own Solana ETF approvals and the market is already positioning for big inflows.
Who does this affect?
This affects retail and institutional SOL holders because ETF approvals would open a simple, regulated on‑ramp for large amounts of capital. Crypto fund managers, exchanges, and projects built on Solana could see higher trading volumes and demand. Traders and speculators watching technicals (like RSI, $200 support and $250 resistance) will also feel the impact as volatility and flows pick up.
Why does this matter?
Approved spot ETFs could unleash a fresh wave of institutional money that pushes SOL significantly higher, with analysts eyeing retests of $250 and upside targets well above $500. Increased liquidity and staking rewards inside ETFs would make it easier for big buyers to enter, improving market depth and reducing price slippage. Overall, stronger sentiment, clear buy signals, and new passive investment products could reshape Solana’s market structure and boost related tokens and presales.