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‘Solana ETF approval in 2025’ confirms Nate Geraci – SOL reacts

Press Releases Crypto News AMB-Crypto ‘Solana ETF approval in 2025’ confirms Nate Geraci – SOL reacts

Solana’s symmetrical triangle pattern suggested a breakout above $196 could propel its price to $233.
Currently, 60.71% of top traders currently hold long positions, while 39.29% hold short positions.

Amid ongoing market uncertainty, the continuous price decline in Solana [SOL] appears poised to reverse as experts make bold predictions.

Recently, Nate Geraci, president of the ETF Store, posted on X (formerly Twitter) that spot Solana ETFs are expected to be approved in 2025.

Source: X (formerly Twitter)

Will spot SOL ETF live in 2025?

The potential reason for this prediction is the crypto-friendly government and the resignation of United States Securities and Exchange Commission (SEC) Chair Gary Gensler.

Since the pro-crypto Donald Trump won the presidential election, the overall cryptocurrency market has experienced significant upside momentum but is currently undergoing a price correction.

During this rally, Solana, Bitcoin [BTC], Pepe [PEPE], and many others reached their all-time highs, even though Trump has yet to assume the presidency.

With continuous support from Trump, the crypto market could witness several ETF approvals, including the Solana ETF.

Will ETF approval impact SOL price?

Based on Bitcoin’s performance following ETF approval, experts and analysts anticipate a similar rally in 2025.

ETF approval opens the door for traditional investors and retail traders to participate in crypto through their respective stock exchanges, potentially resulting in a skyrocketing demand and price for assets.

If a spot Solana ETF is approved, significant upside momentum is likely. However, the SOL price currently appears to be struggling.