What happened? Solana’s ETF approval and a weekend rally pushed SOL toward the $200 mark.
21Shares received an 8-A approval for a Solana spot ETF and SOL jumped roughly 6% over the weekend, recovering into the $190–$200 area. The token bounced from a double-bottom near $175 inside a seven‑month ascending channel while RSI and MACD began to turn bullish. That sets a near-term breakout level around $300, with analysts eyeing $500 or higher if momentum continues.
Who does this affect? Traders, institutions, and meme‑coin speculators are all in play.
Institutional investors gain clearer U.S. TradFi access to Solana, potentially unlocking large capital inflows, while retail traders and momentum players stand to profit from the short‑term move. With other ETF approvals delayed by a U.S. government shutdown, Solana could capture outsized institutional demand right now. Trading tools and bots that help with sniping entries and managing exits are also seeing more interest as volatility and flows increase.
Why does this matter? It could change capital flows and push SOL into a new market regime.
ETF-driven demand can bring billions of fresh capital into Solana and extend what might otherwise be a short squeeze into a longer rally. If markets price in U.S. rate cuts and risk appetite rises, that amplifies the chance SOL clears $300 and targets $500 or even $1,000 under heavy institutional accumulation. At the same time, greater TradFi integration and meme‑coin momentum increase liquidity and volatility, so both bigger gains and bigger risks are likely.