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How high could SOL price go if a spot Solana ETF is approved?
Solana's native token, SOL, traded at $230 on Tuesday, up 20% from its local low of $191 reached on Sept. 25. This recovery is fueled by increasing optimism around the possible approval of spot Solana exchange-traded funds (ETFs) in the US this week. Will this be the catalyst for SOL price to finally break $300? October’s ETF spotlight could provide the tailwinds SOL needs to break out into price discovery, with the US Securities and Exchange Commission (SEC) deadlines looming this week. The agency is expected to decide on nine spot Solana ETF applications, with deadlines for filings from VanEck, Canary, Fidelity, ... (full story)
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