Solana Price Prediction: ETF Filing Revisions Requested – A Move to $500 Could Be Coming Soon
2025-07-09 17:08:44
Main Idea
Solana (SOL) price is predicted to rise significantly, potentially reaching $500, following the approval and listing of Solana ETFs, with a near-term target of $190.
Key Points
1. Solana (SOL) price increased by 2.5% in the past week due to the approval of the REX-Osprey Solana ETF, the first of its kind in the United States.
2. The SEC reviewed and rejected an application from Fidelity Investments for a Solana ETF but has a deadline until October 10 to make a final decision.
3. Bloomberg’s top ETF analyst, James Seyffart, gives all Solana ETFs a 95% chance of approval, which could boost the token's price to $190 in the near term and $500 once all ETFs are listed.
4. The price of SOL is currently consolidating, with a bullish outlook confirmed if it rises above the $170 level.
5. Other tokens like XRP, Litecoin, Cardano, and Dogecoin are also expected to receive approval for ETFs in October.
Description
Solana (SOL) has gone up by 2.5% in the past week as the approval of the REX-Osprey Solana exchange-traded fund (ETF) – the first of its kind in the United States – buoyed investors and triggered a spike in the price of multiple meme coins in its ecosystem. A leadership change within the ranks of the Securities and Exchange Commission (SEC) dramatically raised the odds this year that more altcoin-linked ETFs will finally get the green light from the agency, which favored a bullish Solana price p...
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