Solana (SOL) is back in the spotlight after climbing 4.5% this week, trading near $193.33. The rally comes even as U.S. regulators delay key decisions on Solana-based exchange-traded funds (ETFs). Recently, the Securities and Exchange Commission (SEC) announced it would extend its deadline for Bitwise and 21Shares’ Solana ETF filings to October 16, 2025, the final date before an approval or rejection is issued.
The SEC said more time is needed to examine questions around market integrity, investor protection, and Solana’s classification as either a security or commodity.
Well, this approach mirrors the way Bitcoin and Ethereum ETFs were handled, which faced multiple delays ahead of eventual approval. Yet, concerns over Solana’s relative network maturity and control distribution remain in the highlights.
Despite regulatory uncertainty, institutional appetite for Solana continues to grow. The REX Shares Solana Staking ETF has already surpassed $150 million in assets under management, including a single-day inflow of $13 million and trading volume of $66 million.
These numbers underscore investor willingness to gain exposure to Solana, even through limited regulated products.
Other big players, including Grayscale, Fidelity, ProShares, and Canary Funds, have filed for Solana-related ETFs. Whereas BlackRock has intentionally avoided the market, as it sticks to Bitcoin and Ethereum products. This divergence highlights Solana’s unique risk-reward profile among institutional managers.
For crypto investors, there are three key takeaways that stand out:
Institutional inflows remain strong despite regulatory delays. REX Shares ETF activity signals early confidence in Solana’s future. Major firms are divided, with BlackRock sitting on the sidelines.Solana price prediction looks constructive as the token rebounded from $190 and is currently holding above its 50-day simple moving average (SMA) at $188, keeping its bullish structure intact.
Price action has respected an ascending trendline, suggesting that higher lows are forming — a common signal of sustained buying interest.
The Relative Strength Index (RSI) is at 53, showing room for further upside without breaching overbought levels. The MACD histogram is holding near zero, with a potential bullish crossover developing. Combined, these leading indicators signal that momentum is building ahead of a possible breakout.
The key resistance level sits at $198, which forms the ceiling of an ascending triangle pattern. A close of candlestick over this level would likely open the way toward $205 and potentially $214, extending Solana’s bullish momentum.
If the price fails to breach $198, traders should monitor the $188–$186 zone as strong support, with a drop below $174 signaling trend weakness.
Market behavior suggests investors are treating the SEC delay as a procedural hurdle rather than a red flag. Bloomberg analysts currently place approval odds for Solana ETFs at 95%, and prediction markets are even more optimistic. If approval comes in October, Solana could quickly join Bitcoin and Ethereum as one of the few U.S. spot ETFs, potentially drawing billions in inflows within the first year.
In short, the market is looking past delays and preparing for a bullish outcome. With technical strength and growing institutional interest, Solana may be setting up for its next major breakout — one that could solidify its place among the top digital assets.
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