Solana ETF Approval Expected in Two Weeks Says Nate Geraci
Solana may soon see the launch of a spot exchange-traded fund (ETF) in the US, with potential approval within two weeks, according to analyst Nate Geraci. This could mark Solana's 'institutional moment'.
- Major financial firms like Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital have submitted amended S-1 documents to the SEC.
- The updates follow the debut of the first Solana staking ETF on the Cboe BZX Exchange, which saw $33 million in trading volume and $12 million in inflows on its first day.
- Bitwise's European Solana staking ETP attracted $60 million in inflows over five sessions.
- Pantera Capital notes Solana is "next in line" for institutional allocation, currently underweight compared to [Bitcoin](https://holder.io/coins/btc/) and [Ethereum](https://holder.io/coins/eth/).
- Staking provisions in the filings could pave the way for future Ethereum ETFs with staking.
SOL Price Analysis
- Solana (SOL) is trading near $201, down 15% over the past week.
- It shows a consolidation pattern within a rising wedge, with resistance around $236 and support at $180.
- A breakout above $236 could lead to a rise toward $300–$320, while a fall below $180 might test the $124–$130 support zone.
- The RSI at 54 indicates neutral conditions; the MACD is flattening, suggesting slowing momentum.
- Volume spikes hint at strong trader positioning ahead of potential ETF approval.
If approved by mid-October as predicted, it may significantly impact Solana's market position.