- A Solana ETF approval is imminent, potentially mirroring Ethereum’s successful launch with billion-dollar trading volumes.
- Staking could differentiate Solana ETFs, offering better returns than Ethereum.
A regulatory decision on a spot Solana ETF is now imminent, placing the asset in a position once occupied by Ethereum. The launch of Ethereum ETFs in 2024 demonstrated a clear market appetite, with first-day trading volume surpassing one billion dollars.
The case for Solana rests on both its technical attributes and its market activity. Network data from Q2 2025 shows Solana generated $271 million in revenue and achieved user activity levels comparable to its largest competitors. Its capacity for processing stablecoin transactions continues to expand as well. These metrics form the foundation of its investment thesis.
🚨BREAKING: @Solana continues to surpass all L1 and L2 chains combined in Active Addresses for the 16th consecutive month.
(Approximately 22% growth compared to last month) pic.twitter.com/ELhBFGjkUJ
— SolanaFloor (@SolanaFloor) July 1, 2025
A potential functional advantage for a Solana ETF involves staking. Current U.S. Ethereum ETFs do not offer staking rewards, so investor returns are tied solely to price changes. Solana’s architecture allows for a faster unstaking process. This efficiency could make a staking-enabled Solana ETF a more attractive product for income-focused investors, a point highlighted by the CEO of Bitwise.
A spot #Solana ETF could be the next major catalyst. Analysts see potential for SOL to surge between $290–$345, fueled by institutional inflows & strong on-chain momentum.
If approved, Solana could mirror Ethereum’s #ETF rally, & possibly outpace it given its ecosystem growth. pic.twitter.com/Hx8sJqtLOA
— Tom Tucker (@WhatzTheTicker) October 7, 2025
Market sentiment suggests approval is nearly certain, with prediction markets assigning a 99% probability to the event. Analysts project that an approved Solana ETF could drive the token’s price toward a range of $290 to $345.
Solana (SOL) is trading at $221.38, registering a 0.9% intraday gain, but still navigating a minor pullback from the weekly high of $237. On the technical chart, SOL remains within a macro uptrend, forming a short-term descending triangle pattern, which signals a potential continuation or breakdown scenario depending on how price interacts with the $224.50–$227.00 resistance band.
Price has bounced off the $218.40 intraday low, and bulls are attempting to reclaim the psychological level of $225, which previously acted as a liquidity pocket. Daily RSI is flattening near the mid-range, reflecting indecision and awaiting a breakout catalyst. Key support lies at $212.80, while a clean close above $230 would likely initiate a move toward the $250–$260 liquidity zone.
Fundamentally, Solana remains in an aggressive growth phase with $707 million in recent inflows, highlighting sustained institutional appetite for high-throughput Layer 1 networks.
The protocol has also made headlines for its Web3 hardware integration strategy, with co-founder Anatoly Yakovenko stating Solana is now the leading producer of consumer-facing Web3 hardware, a distinction that no other L1 blockchain currently claims. This includes the Saga smartphone initiative and planned hardware wallet integrations aimed at bridging the UI/UX gap between Web2 users and on-chain experiences.
Ecosystem development continues to accelerate. Solana recently announced a partnership with Ethena and Jupiter to launch a native Solana stablecoin, JupUSD, which aims to reduce reliance on bridged assets and enhance capital efficiency in Solana-native DeFi.
This stablecoin launch could significantly impact on-chain liquidity depth, TVL growth, and DEX trading activity. Meanwhile, the Certora security firm, in partnership with Areta, is subsidizing $1 million worth of smart contract audits for Solana builders, reflecting institutional efforts to harden Solana’s security posture as its DeFi footprint expands.
On-chain, the Solana ecosystem continues to lead in DePIN (Decentralized Physical Infrastructure Networks) through projects like Helium, and in liquid staking via Jito, which is gaining adoption as Solana’s LST (Liquid Staking Token) narrative matures. The memecoin segment also remains active, contributing to retail engagement and cross-DApp interactions that keep wallet activity high.
Given the convergence of strong technical setup, robust on-chain activity, and renewed institutional participation, the 7-day price forecast for SOL is $236.70, with bullish breakout potential toward $250.00 if $227 is breached with confirmation. Downside invalidation occurs on breakdown below $212.50, where mid-term support would likely be retested at $198.
