The anticipation of a bullish summer for Solana grows stronger with 21Shares becoming the latest to file for a spot Solana ETF.
Historically, VanEck and 21Shares lead the charge in crypto ETF applications, mirroring their approach with Ethereum. Now, attention turns to whether giants like BlackRock and Fidelity will enter the race.
Solana’s market outlook appears optimistic, especially with potential regulatory shifts following the upcoming US presidential elections in November. Traders are eyeing Solana meme coins for possible significant gains in response to ETF developments.
While current SEC Chair Gary Gensler’s stance on Solana ETFs remains cautious, potential changes under a new administration, possibly led by pro-crypto Commissioner Hester Peirce, could sway approval odds.
GSR forecasts a substantial surge in Solana’s price, possibly multiplying by nine post-ETF approval. Meme coins like Dogwifhat and Base Dawgz are expected to benefit from Solana’s bullish momentum, offering high returns amidst the growing crypto ecosystem.
Sealana, a seal-themed token launching soon, also promises investor interest with innovative features like share-to-earn and staking rewards, reflecting ongoing market enthusiasm.