The potential approval of a Solana (SOL) staking ETF in the United States is drawing intense market attention, with analysts predicting it could spark a major inflow of institutional capital into the Solana ecosystem. Such a development would mirror the impact Ethereum experienced after the launch of spot ETFs and staking-related products, driving demand while reducing circulating supply and naturally pressuring prices upward.
ETF specialist Nate Geraci recently highlighted the possibility that the U.S. Securities and Exchange Commission (SEC) may approve several Solana staking ETF filings in the coming weeks. This would provide institutional investors with a regulated and transparent way to access Solana’s staking yields, further boosting its credibility among large funds. Geraci noted that the coming weeks are “enormous” for spot crypto ETFs, underscoring the growing market expectations.
Institutional interest in Solana is already significant. Forward Industries currently holds over 6.8 million SOL—valued at roughly $1.4 billion—making it the largest Solana treasury holder. Altogether, treasury companies now hold more than 20.9 million SOL, representing about 3.64% of the total supply. This level of concentration demonstrates the confidence major players have in Solana’s long-term growth potential, and an ETF approval could act as a catalyst for even greater adoption.
On the technical side, Solana remains in a strong uptrend despite a recent dip below the $200 level. Analysts suggest this pullback may simply be a retest of the lower boundary of its parallel channel, with forecasts pointing toward a return to $260 and potentially beyond $300 in the mid-term. Some market experts even see Solana entering the final phase of Wyckoff accumulation, signaling the possibility of a breakout rally that could target $500 this cycle.
At the time of writing, SOL trades at $210.21, up 4.2% in the last 24 hours, as momentum builds around ETF speculation and institutional accumulation.
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