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In recent times, the cryptocurrency markets have witnessed a surge in expectations regarding the price of Solana 
$145 (SOL). Crypto analyst Inmortal suggests that developments on the spot Solana ETF front could have a positive impact on Solana’s price. Particularly, the rise in institutional interest is capturing investors’ attention.
Solana and Institutional Demand
Applications for spot ETFs (Exchange-Traded Funds) related to Solana have attracted the attention of asset managers and financial circles. Leading sector firms such as Grayscale, VanEck, 21Shares, Canary, and Franklin Templeton are known to have applied to the United States Securities and Exchange Commission (SEC) for the approval of Solana ETFs.
According to analysts, these developments indicate the high level of institutional demand for regulated Solana investment products. Institutional investors’ interest in controlled and legally framed products could strengthen Solana’s position in the financial sector.
Approval of Solana ETFs
According to Polymarket data, the probability of approval of spot Solana ETFs in America is assessed at 82% by investors on the platform. If this approval process occurs, market participants believe significant price increases in Solana could be observed. Even receiving approval earlier or later than expected could influence price volatility.
Positive expectations related to the ETF approval process contribute to increasing overall market confidence, not just towards spot Solana products. This could, in turn, encourage new institutional fund entries.
Applications made by Grayscale, VanEck, 21Shares, Canary, and Franklin Templeton demonstrate the interest in both Solana and the broader cryptocurrency industry. Progress in these ETF applications could allow investors to incorporate Solana into their portfolios.
Crypto analyst Inmortal stated, “I believe Solana’s price is poised to rise with increasing institutional interest and positive ETF expectations.”
On the other hand, experts suggest that potential investors should avoid excessive expectations regarding price movements. Even with approval, market fluctuations are a reality. Moreover, the price impact of the approval is not always immediate. Following the approval of a BTC ETF, the main increase took months to materialize.
The increase in spot ETF applications for Solana indicates sustained interest from both individual and institutional investors in the market. With regulatory decisions awaited, the risk of continued volatility in cryptocurrency markets remains. Legal developments and industry steps can significantly affect how investors determine future positions. Investors are encouraged to closely monitor regulatory processes and approach sudden price movements cautiously, a strategy highlighted as beneficial in the current environment.
