Solana ETF and its impact

[Metha Wulandarin]

For the people who are currently holding Solana, please be patient because it is not only you who are experiencing losses but I am also experiencing it even though mine is not as much as yours but this is enough to make me worry.

[debra]

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.

Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?
For the general impact on market trend, it is true that Bitcoin really has a big influence. But for the development of the price each altcoin, I think it will depend on the progress of the project behind of the altcoin. If Solana ETF is approved, I'm sure there is a chance for Solana to reach its ATH. Another factor is altcoin season, this is what everyone is waiting for. When we are in the altcoin season, most altcoin will easily increase significantly, including Solana price.

[rizqillah]

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.

Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?
For the general impact on market trend, it is true that Bitcoin really has a big influence. But for the development of the price each altcoin, I think it will depend on the progress of the project behind of the altcoin. If Solana ETF is approved, I'm sure there is a chance for Solana to reach its ATH. Another factor is altcoin season, this is what everyone is waiting for. When we are in the altcoin season, most altcoin will easily increase significantly, including Solana price.

If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.

[Azharul]

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.

Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?
For the general impact on market trend, it is true that Bitcoin really has a big influence. But for the development of the price each altcoin, I think it will depend on the progress of the project behind of the altcoin. If Solana ETF is approved, I'm sure there is a chance for Solana to reach its ATH. Another factor is altcoin season, this is what everyone is waiting for. When we are in the altcoin season, most altcoin will easily increase significantly, including Solana price.

If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.

We know that solana price is increase gradually in cryptocurrency market. If we follow in few month ago, we can see that solana price carried in little down. So i believe that after few month solana price is increase in cryptocurrency market. We also know that bitcoin is one of the best valuable currency in cryptocurrency world. So we also know that when bitcoin price is increase then others crypto will increase. So i think that solana ETF also depending on bitcoin price.

[KryptoBull]

Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?
For the general impact on market trend, it is true that Bitcoin really has a big influence. But for the development of the price each altcoin, I think it will depend on the progress of the project behind of the altcoin. If Solana ETF is approved, I'm sure there is a chance for Solana to reach its ATH. Another factor is altcoin season, this is what everyone is waiting for. When we are in the altcoin season, most altcoin will easily increase significantly, including Solana price.

I don't think we'll see an altseason unless BTC can hit $100K this season. Those round numbers as 100K are huge for driving FOMO and making investors more confident about buying alts like SOL, which could trigger a massive market rally.

SOL is really strong, but it can't defy market cycles. The drop from 250 USD to 10 USD during the crypto winter is proof of how small SOL still is in this market. A spot SOL ETF could definitely give SOL a boost once approved, but it won't be enough to catch up to ATH. Just look at the spot ETH ETF — it's not a guaranteed price pump.

[dekafee79]

We know that solana price is increase gradually in cryptocurrency market. If we follow in few month ago, we can see that solana price carried in little down. So i believe that after few month solana price is increase in cryptocurrency market. We also know that bitcoin is one of the best valuable currency in cryptocurrency world. So we also know that when bitcoin price is increase then others crypto will increase. So i think that solana ETF also depending on bitcoin price.

true solanan and other sltcoin prices depend on bitcoin price, if bitcoin price goes up we will see altcoin prices go up. Solanan has been performing well and is getting more popular so I think it is a good coin to hold for the long term. I also have some solana in my wallet which I am targeting to sell at $250 next year.

[debra]

If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.

Of course, SOL will increase much if Solana ETF can be approved. But how if Solana ETF won't be approved? It is possible that there is a rejection or delay for the approval. I think we can't rely on the Solana ETF only.

Whenever Bitcoin is decreasing much, altcoins must follow it as well. Solana is a part of the altcoins, so it is a must that SOL price will decline, too.

I don't think we'll see an altseason unless BTC can hit $100K this season. Those round numbers as 100K are huge for driving FOMO and making investors more confident about buying alts like SOL, which could trigger a massive market rally.

Does it mean $100k for Bitcoin is a must?
Sure, if Bitcoin really reaches $100k, there must be a huge FOMO/hype on the crypto field.
NO doubt that this easily triggers for massive increase in most crypto coins.

[Cryptosmart]

If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.

Of course, SOL will increase much if Solana ETF can be approved. But how if Solana ETF won't be approved? It is possible that there is a rejection or delay for the approval. I think we can't rely on the Solana ETF only.

Whenever Bitcoin is decreasing much, altcoins must follow it as well. Solana is a part of the altcoins, so it is a must that SOL price will decline, too.

I don't think we'll see an altseason unless BTC can hit $100K this season. Those round numbers as 100K are huge for driving FOMO and making investors more confident about buying alts like SOL, which could trigger a massive market rally.

Does it mean $100k for Bitcoin is a must?
Sure, if Bitcoin really reaches $100k, there must be a huge FOMO/hype on the crypto field.
NO doubt that this easily triggers for massive increase in most crypto coins.

BTC is primed to hit $100k. If all goes well we can see the price probably next year

[Aanuoluwatofunmi]

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 approval of ethereum ETF does not bring a bullrun to the altcoins network and not even the ethereum itself, as for Solana, let's wish that things happen the same way we have always anticipated over the acceptance, because this season, Solana has made a wonderful performance that could increase its interest and acceptance for ETF approval, maybe some of their unrealized dreams could come after the hearing of the news for Solana ETF approval.

[Report]

As far as I know, this ETF is a trusted market for all traded assets, if Bitcoin and Ethereum have been accepted by the ETF market and their prices have gradually increased, then Solana will definitely follow suit.
The simple result of being accepted by the ETF is:

• Many are trusted
• Market cap is increasing
• There is guaranteed liquidity
• Getting strict and detailed regulatory protection

Maybe that's the picture I can give about Solana being accepted by the ETF market, if I'm wrong, please correct me because this is only my view of the Solana coin.

[Cristiano]

A decentralized database project with substantial market potential and room to grow is Solana ETF. With considerable market recognition and room to develop, the Solana blockchain is regarded as one of the quickest and most affordable decentralized database initiatives. Vanek has applied for a Solana ETF after the SEC approved Ethereum ETFs. Ethereum and Solana's investment argument are contrasted, with both being viewed as possible hedges against conventional market volatility. With over $70 million in assets, the Solana ETF is already trading in Europe, suggesting some degree of interest. Regulatory rulings will determine the Solana ETF's clearance process, especially in view of ongoing SEC litigation involving other cryptocurrencies.
ETFs have the potential to greatly increase market reach.

[Mr. Magkaisa]

        -      With what is happening now in the market, the rally of bitcoin in the market is also accompanied by the rise of Solana's price, which is also the rise of Solana's marketcap because I noticed that yesterday and even today.

Because right now the uptrend of the price of bitcoin is still a bit hot as if it is trying to reach the price of 80k$ and then there will be a really continuous correction, but I'm not sure what I'm saying that this is also possible because I'm saying this won't happen, after all the market is unpredictable, right?

[Bobcrypto]

I see this news X that the Solana ETF will happen soon but with this news it is certain that SOL will rise for starters this is no different with BTC and ETH.

So this is just a proposal hopefully closer.

There are big time traders/investors who will want to take advantage of the success of the Bitcoin ETF to create some hype and speculate the Solana market for personal gains.

If you are a trader, holder and you are not smart, or watchful, you may think that must of these informations are already made public by the team but unfortunately no. Some smart speculators who has their hear to the ground will try to send out this informations on social networks out of proportion to make profit when people start buying/selling Solana token.
It is very good to very some of these  information from the main source before take a buying position. My opinion.

[Madmax789]

The potential launch of the Solana, ETF could have a significant impact on both the cryptocurrency and the broader market. Although no Solana ETFs have been approved yet, recent filings and market speculation surrounding crypto ETFs, particularly for altcoins, have generated considerable excitement. Overall, a Solana ETF would mark a major milestone for both SOL and the broader crypto market, potentially increasing demand, ecosystem growth and market legitimacy. This will improve Solana's market position against competitors while making SOL more accessible and attractive to a wider audience. However, the long-term impact will depend on factors such as market acceptance, regulatory conditions and the resilience of Solana's technology and ecosystem to manage the potential influx of institutional interest.