Solana (SOL) ETF Approval Probability Reaches 90%, New Data Shows

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

According to Bloomberg Intelligence, the likelihood of US regulators approving a Solana ETF (exchange-traded fund) has now surged to a staggering 90%.

This is particularly noteworthy because the company’s odds for a $SOL ETF were just 70% in February, i.e., only a couple of months ago.

This, combined with the CME listing Solana-based futures contracts in March, will likely see a $SOL ETF rocket Solana to the moon.

Keep reading to find out all the reasons for being bullish on Solana right now. We’ll also point you towards the best altcoins you can buy today to make the most of $SOL’s bright future.

Solana Futures Open Interest Nears All-Time High

While six asset managers await the SEC’s permission to list $SOL ETFs, the crypto’s future open interest reached $5.75B (or $40.5M $SOL).

What’s more, this data is hot off the oven (recorded just a few days ago), so it’s dead accurate and proof of strong interest from large institutions in the blockchain.

One of the biggest reasons behind the growing adoption of $SOL derivatives is that the crypto held the crucial $140 support level.

With staggering DEX volumes and $9.5B in total value locked (TVL), $SOL can easily surge past $200 well before a potential spot ETF approval on October 10.

What Does $SOL’s Chart Say?

Technical analysis on $SOL’s charts paints a pretty picture, too. The crypto has bounced perfectly from the 10, 20, and 50 EMAs simultaneously on the daily chart, which is a massively positive signal.

The aforementioned bounce is also at a major support/resistance zone, further proving that the current bullish rally could hold itself nicely.

The only thing left to see is whether $SOL can break and hold itself above the 200 EMA. However, as per the 4-hour chart, it should easily be able to do that, seeing as it’s above all the major EMAs on that time frame.

All in all, Solana is doing really well and could pump soon. If you want to ride its growth, here are three Solana-based coins that could give you the best results in an already-pumping market.

Our top pick, Solaxy, shows the best potential. It’s still in presale, which has turned out to be a massive success thanks to over $30M in early investor funding.

1. Solaxy ($SOLX) – Best Altcoin on Solana, over $32M in Presale Funding

Unlike other coins on Solana, Solaxy ($SOLX) won’t just use the blockchain’s low-cost, high-speed architecture to further its own interests. Its goal, in fact, is to improve Solana.

Solana has become too popular for its own good, ironically. A recent massive influx of new investors to the network has overloaded it. As a result, it has been struggling with congestion and scalability issues.

Solaxy will solve Solana’s aforementioned issues by building the first-ever Layer 2 scaling protocol on the network.

It will process some of Solana’s transactions on a sidechain, reducing the burden on its mainnet and increasing transaction speed while lowering traffic congestion. In one word, Solaxy will optimize Solana’s key areas.

The utility-based nature of $SOLX significantly contributes to its uniqueness and makes it one of the best cryptos to buy today.

As mentioned earlier, Solaxy is currently in presale, which is another reason why it’s such a lucrative opportunity. Remember, prices are at their lowest during the presale stage, offering insane risk-to-reward possibilities (like a 29x increase by the end of 2026).

With over $32.6M in presale funding so far, one $SOLX is currently available for just $0.00171. Here’s how to buy it.

2. ai16z ($AI16Z) – Venture Capital Firm Run by AI Agents

ai16z ($AI16Z) really stands out because it’s the first-ever venture capital firm run solely by AI agents. This crypto project is redefining the possibilities of artificial intelligence in the crypto investment space.

A decentralized trading fund, ai16z uses AI agents to collect and analyze investment-related data, including current community sentiment. This speeds up the entire process of deciding whether a certain company is worth