Solana ETF and its impact

[NikeFit_7777]

SOL ETF - not going to happen?

The Solana ETF did not pass step two, so the exchanges have withdrawn the Forms 19b-4. Based on that, the chances of SOL ETF approval this year are almost nil. If Harris wins, the odds remain near zero in 2025 as well. The only hope in Eric's opinion is a Trump victory.

P.S. Are passions running high?

Source link: https://x.com/EricBalchunas/status/1825919807440458196

[gunhell16]

In my personal opinion, I think it is too early to apply this solana to ETF. It does not mean that the solana became noisy again this early this year; that is the basis for applying immediately, and it has the potential to be approved in the ETF. In fact, the only reason why SOL exploded again is because there were meme coins under the Sol network that became successful.

It seems that one should not force or rush to mature something that is raw right now and has a lot to prove. What does SOLANA want to release? release it better than ETH? It's just that, for me, it's not really the right time for that.

[Metha Wulandarin]

I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.

Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.

If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.

I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.

It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort. I really hope that Solana developers are serious about this ETF so that Solana will be better known and of interest to many people.

Now without us realizing the strength of Solana when holding prices caused by Bitcoin that occurred two weeks ago Solana only decreased by around $50 and now it has returned to $144 maybe at the end of this week it can go to $150 again, this is proof that more and more people are interested in Solana.
Indeed, I only have a little SOL not up to $100 estimated price now but I really hope Solana can return to ATH or can pass ATH because when Solana reaches its highest price it will have a good impact on the ecosystem and people who expect airdrops on the Solana network including me.

[debra]

In my personal opinion, I think it is too early to apply this solana to ETF. It does not mean that the solana became noisy again this early this year; that is the basis for applying immediately, and it has the potential to be approved in the ETF. In fact, the only reason why SOL exploded again is because there were meme coins under the Sol network that became successful.

If you think it is too early, how long we need to wait for Solana to be accepted in ETF spot? In my humble opinion, it is not too early but SEC seems to be more careful to approve other altcoins ETF spot. Moreover, Solana still can't reach the level of Bitcoin and Ethereum as the king/queen of crypto coins. It is normal if the approval of Solana ETF spot is harder and take a longer time.

Yeah, it seems true that the price increase of Solana because of the hype of meme coins that use the Solana network. If many of them become successful projects, it will be good for Solana future.

[erus]

Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.

What do you think, is this interesting enough to discuss?

The more acknowledged the business by various financial institutions, the more Cryptocurrency is trusted by investors. Investors now many people believe in Solana's coins because Solana has begun to be glimpsed and will be accepted by ETF (or has been received by ETF?). Maybe the point is that if coin A is increasingly accepted in various communities of financial institutions, the higher the trust and good for hold as a long -term investment asset.

[luckyledger]

Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.

What do you think, is this interesting enough to discuss?

The more acknowledged the business by various financial institutions, the more Cryptocurrency is trusted by investors. Investors now many people believe in Solana's coins because Solana has begun to be glimpsed and will be accepted by ETF (or has been received by ETF?). Maybe the point is that if coin A is increasingly accepted in various communities of financial institutions, the higher the trust and good for hold as a long -term investment asset.

Yeah, it won't pump the coin right away, but it puts the coin on better rails so to speak for the big institutions to look at it and have opportunities with it, because of the trust put in and the profit to be made

[erus]

Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.

What do you think, is this interesting enough to discuss?

The more acknowledged the business by various financial institutions, the more Cryptocurrency is trusted by investors. Investors now many people believe in Solana's coins because Solana has begun to be glimpsed and will be accepted by ETF (or has been received by ETF?). Maybe the point is that if coin A is increasingly accepted in various communities of financial institutions, the higher the trust and good for hold as a long -term investment asset.

Yeah, it won't pump the coin right away, but it puts the coin on better rails so to speak for the big institutions to look at it and have opportunities with it, because of the trust put in and the profit to be made

But do you not realize that Altcoins enter ETF certainly have complicated, tight and transparent rules. As far as I know, Crytocurrency has a "privacy" basis that is contrary to ETF. One side if Solana wants to be known to many people have to enter ETF but enter ETF for Solana Coins Privacy Crypto status will feel fading, right?

[NikeFit_7777]

Solana feels great.

The SEC amended the case against Binance, removing the requirement to recognize the token as a security. Against this background, SOL is performing well even in the current downturn.

P.S. Now we have to wait for news about the launch of SOL-ETF. When do you think it will happen?

[Hisbullah]

Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.

I also hope that the Solana ETF will be approved soon, but it seems that it is still being studied by the SEC. Maybe the ETF currently does not have a big impact because market conditions are still not good, bitcoin still seems to be struggling and often experiences declines. Maybe when the price of bitcoin is above $ 80K, we will see the impact of the ETF

[debra]

The SEC amended the case against Binance, removing the requirement to recognize the token as a security. Against this background, SOL is performing well even in the current downturn.
P.S. Now we have to wait for news about the launch of SOL-ETF. When do you think it will happen?

It is good news. The new change may bring positive impact on the chance of SOL ETF approval. But I still assume it won't be easy for SOL, we must be patient to wait for clearer update about SOL ETF. But surely, the chance to be approved will be higher now. Other altcoins can be easier to be approved as well. The investors will be more confident to buy SOL in ETF spot now. Well, I think SOL ETF may be approved in Q1-Q2 of 2025.

[dekafee79]

The SEC amended the case against Binance, removing the requirement to recognize the token as a security. Against this background, SOL is performing well even in the current downturn.
P.S. Now we have to wait for news about the launch of SOL-ETF. When do you think it will happen?

It is good news. The new change may bring positive impact on the chance of SOL ETF approval. But I still assume it won't be easy for SOL, we must be patient to wait for clearer update about SOL ETF. But surely, the chance to be approved will be higher now. Other altcoins can be easier to be approved as well. The investors will be more confident to buy SOL in ETF spot now. Well, I think SOL ETF may be approved in Q1-Q2 of 2025.

If the SOL ETF is approved, this will be a good thing, of course the impact will be good for Solana holders, hopefully by the end of this year there will be news that the Solana ETF has been approved and we can see the impact early next year during the bullish season.

[Bobcrypto]

Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.

Mate, Solana or any other tokens on the crypto space actually needs news to pump. News is very important in trading or investment opportunities, and informations received from reading news will help in decision making. it will be very difficult to start a business without getting the necessary informations on the various news platforms like Twitter, medium, Linkedin etc
Now, there are indications that the Solana team are applying for a Solana ETF, it will be very amazing if SEC approves
Solana ETF, and will positively impact the growth of Solana ecosystem.

[rizqillah]

Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.

Mate, Solana or any other tokens on the crypto space actually needs news to pump. News is very important in trading or investment opportunities, and informations received from reading news will help in decision making. it will be very difficult to start a business without getting the necessary informations on the various news platforms like Twitter, medium, Linkedin etc
Now, there are indications that the Solana team are applying for a Solana ETF, it will be very amazing if SEC approves
Solana ETF, and will positively impact the growth of Solana ecosystem.

I agree, crypto needs good news to increase interest from investors so that demand for tsh coins increases. If there is no good news, demand will seem to decrease so that the price of the coin will fall because the bullish season is still long. Investors need references before they decide to invest.

[debra]

If the SOL ETF is approved, this will be a good thing, of course the impact will be good for Solana holders, hopefully by the end of this year there will be news that the Solana ETF has been approved and we can see the impact early next year during the bullish season.

No doubt it will be a very good thing if there will be Solana ETF. Solana price may increase, but we don't know how big the price to increase. People expect Solana to create a new ATH, but it shouldn't rely on the approval of ETF spot only. But I doubt if we will hear the good news about Solana ETF very soon. I think it should be in the next year. It won't be easy to be approved, Solana is an altcoin, it is different with Bitcoin. As far as I know, there are more factors to consider for an altcoin. Even if Solana is very popular now, it won't be easy to be accepted.

[legend45]

Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.

Mate, Solana or any other tokens on the crypto space actually needs news to pump. News is very important in trading or investment opportunities, and informations received from reading news will help in decision making. it will be very difficult to start a business without getting the necessary informations on the various news platforms like Twitter, medium, Linkedin etc
Now, there are indications that the Solana team are applying for a Solana ETF, it will be very amazing if SEC approves
Solana ETF, and will positively impact the growth of Solana ecosystem.

I have read some comments from members here why ethereum ETF does not affect the increase in ethereum price because bitcoin is correcting, I think this opinion is quite reasonable. So if solana ETF is approved I think it will affect the bullish season because the bitcoin price will likely increase and be more stable. Solana also needs to be pumped with good news shared by the media because this will affect the demand for solana in the market, but if the bitcoin price drops, good news from altcoins will not be that influential.

No doubt it will be a very good thing if there will be Solana ETF. Solana price may increase, but we don't know how big the price to increase. People expect Solana to create a new ATH, but it shouldn't rely on the approval of ETF spot only. But I doubt if we will hear the good news about Solana ETF very soon. I think it should be in the next year. It won't be easy to be approved, Solana is an altcoin, it is different with Bitcoin. As far as I know, there are more factors to consider for an altcoin. Even if Solana is very popular now, it won't be easy to be accepted.

Bitcoin price always affects altcoins, so we don't have to think about the impact of altcoin ETFs right now, because Bitcoin is struggling..
If the solana ETF is successful, it is likely that solana will reach a new ATH, surpassing the previous $260 ATH.