Is it Time to Invest in Solana (SOL)? New ETF Sparks Speculation!

Updated

June 20, 2025

Gambar Is it Time to Invest in Solana (SOL)? New ETF Sparks Speculation!

Jakarta, Pintu News – VanEck’s registration of the Solana ETF with the Depository Trust & Clearing Corporation (DTCC) has sparked speculation in the market. While there is no certainty yet, the move represents significant progress in the effort to introduce Solana (SOL)-based financial products into the mainstream of financial markets.

DTCC Registration Adds to Optimism

The Solana ETF (SOL) proposed by VanEck has been listed in the “active and pre-launch” category by the DTCC. While this is not a guarantee of approval, the status signifies important progress for ETF issuers. Bloomberg’s ETF analyst James Seyffart says that it could be within the next month or two that the Solana (SOL) ETF will get approval. However, it could also delay the decision until the final deadline in October. What is clear is that the SEC is actively involved and this is a positive signal.

Also Read: Ethereum (ETH) Prepares for a Surge: Bullish Signs Strengthen

High Chances for Solana (SOL)

The US Securities and Exchange Commission (SEC) has already approved spot ETFs for Bitcoin and Ethereum , and now Solana (SOL) seems to be the next candidate. This is supported by strong developer activity, fast transaction speeds, and a growing Decentralized Finance ecosystem. Futures approval by CME has also set the stage for Solana’s (SOL) debut in mainstream financial markets.

Solana (SOL) Price Movement Still Under Pressure

Despite the growing optimism regarding the Solana ETF (SOL), the current SOL price is still under pressure. Currently, SOL is trading at $147.26, down 0.24% on the day. The RSI indicator is showing weakening momentum with values approaching oversold territory. Meanwhile, the MACD indicator shows a bearish crossover, with the signal line above the MACD line, confirming selling pressure.

Conclusion: Investment Opportunities and Risks in Solana (SOL)

The news on ETFs could be bullish in the long term, but short-term price recovery may face headwinds unless broader buying demand returns. Investors should consider both the opportunities and risks before deciding to invest in Solana (SOL), especially given the volatility that still exists in the crypto market.

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