Institutional Interest in Solana ETFs Grows Amid Approval Speculation
- The likelihood of U.S. SEC approval for spot Solana ETFs has increased to 82%.
- The 2X Solana ETF (SOLT) has gained nearly $30 million since February, with consistent monthly inflows.
- SOLT saw inflows of $5.5 million in February, $8.3 million in April, and $9.6 million so far this month.
- Solana’s price is currently about 41.5% below its all-time high of $293.31 from January 19, 2025.
- Recent price trends show a monthly increase of 32.8%, indicating a potential uptrend toward a $320 target.
The growing institutional interest in Solana ETFs is reflected by an increase in the odds of regulatory approval and substantial inflows into the SOLT ETF, which has seen nearly $30 million added since its launch.
Source (2.6)https://coingape.com/solana-price-eyes-rally-to-320-as-sol-etf-inflows-rise/?rand=24432