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SEC Approves 21Shares Solana Spot ETF – SOL to $300 Next?
The U.S. Securities and Exchange Commission (SEC) has officially approved Form 8-A filed by 21Shares, clearing the way for the first Solana Spot ETF to be listed on the Cboe BZX Exchange.
This landmark approval marks another milestone for digital asset adoption in traditional finance — potentially positioning Solana (SOL) as the next major crypto asset to gain institutional traction following Bitcoin and Ethereum ETFs.
Key insights:
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✅ 21Shares will custody and manage the Solana Spot ETF, opening new channels for regulated investment exposure.
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📈 Polymarket data indicates 99% odds of approval before year-end, signaling strong market confidence.
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💰 Digital asset treasuries reportedly accumulated $2 billion in SOL during September, reflecting a 230% increase in institutional holdings.
With regulatory clarity expanding and institutional participation accelerating, the big question remains:
Could Solana’s next leg push prices toward $300?
Is this the start of a new institutional era for SOL, or just a short-term momentum wave?
Let’s discuss.