Solana 
$83 (SOL) is gaining momentum for a new record in its price, fueled by ecosystem developments that are bolstering investor confidence. The recent listing of 21Shares’ Jupiter ETP on the SIX Swiss Exchange has sparked institutional interest. Moreover, the withdrawal of SEC‘s delay notices and the anticipation of spot ETF approvals in October further support the bullish outlook.
Analysts Set Sights on Solana’s New Heights
Crypto analyst Gem Detector predicts that Solana could retest its previous record levels by the year’s end. The analyst suggests that investors returning to the market and creating buying pressure may accelerate Solana’s strong upward trend. Additionally, the evaluation process for spot ETF applications in the U.S. is leading expectations to settle on an increasingly positive foundation.
Altcoin expert Gordon claims Solana has the potential to rise three to five times in this cycle. This perspective is supported by the increase in trading volume and the development of SOL-focused strategies by institutions. The price surge seen after Nasdaq-listed Forward Industries established a Solana treasury might transform into a much larger momentum with ETF approvals.
Meanwhile, prediction platforms like Polymarket highlight that the likelihood of a Solana ETF approval is priced at 99%. The anticipation of an ETF approval reinforces investors’ belief in new capital inflows in the last quarter.
21Shares’ Launch of Jupiter ETP
Zurich-based 21Shares launched Jupiter ETP (AJUP) on the SIX Swiss Exchange, granting direct access to Solana’s largest liquidity center. This physically-backed product, with a 2.5% annual management fee, is particularly aimed at attracting institutional investors. 21Shares manages over 11 billion dollars in assets with more than 50 crypto-based investment products, ranking among the largest players in the sector.
Jupiter conducts more than 90% of the transactions on the Solana network, processing roughly 8 billion dollars in weekly volume, with a transaction size exceeding 1 trillion dollars. Known for its swap service, the platform now offers advanced features like leveraged products, limit orders, token launches, and perpetual markets. Additionally, the liquidity staking token JupSOL has become one of the largest derivatives in the network.
The JupLend lending platform, introduced in August, reached 750 million dollars in total value locked (TVL) within weeks. With the professional trading platform launched in April, Jupiter continues to expand within the ecosystem, becoming a fundamental liquidity infrastructure for Solana. Meanwhile, CME Group plans to launch Solana and XRP futures on October 13, further enhancing institutional access through traditional financial channels.
