"Solana spent the past six months moving through a sharp cycle of optimism, momentum, and a tough correction. It started July near $196 and pushed toward $209 by early September. Traders were positioning for the wave of ETF activity, and the steady climb showed confidence building ahead of the filings. That move stalled once SOL failed to hold above $200. Buyers stepped back, and the chart began to weaken."
"Solana ( CRYPTO: SOL) hit a new phase over the past month. Five separate ETF filings landed in just 30 days, and the pace alone shows how sharply Wall Street's focus shifted toward SOL. These filings arrived while the market was trying to make sense of Solana's recent pullback, creating a split between price action and institutional appetite. Instead of slowing down, major asset managers are lining up products that signal long-term interest."
Solana attracted five ETF filings within 30 days, signaling a sharp rise in institutional focus. The surge in filings contrasts with a recent price decline that saw SOL fall from about $209 in early September to the mid-$140s after sliding more than 30%. The rally stalled after SOL failed to hold above $200 and multiple support levels broke during October and November. Major asset managers continue to propose Solana products, suggesting long-term institutional interest. Analysts estimate approval could draw $3.8 billion to $7.2 billion within the first year. The outcome will determine whether inflows reflect deeper adoption or a competitive rush for Solana exposure.
Read at 24/7 Wall St.
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