Solana Price Prediction: ETF Filing Revisions Requested – A Move to $500 Could Be Coming Soon

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.