Solana (SOL) Poised for 20% Gain as SEC Considers Spot ETF Approval

Solana (SOL) is on the cusp of a significant market shift as the U.S. Securities and Exchange Commission (SEC) considers approving spot SOL ETFs as early as July. This development could unlock substantial upside for SOL, driven by growing investor interest and innovative ETF structures that address staking complexities. Market analysts highlight that this move could signal a bullish summer ahead for the cryptocurrency.

Several prominent issuers, including Grayscale, VanEck, and Bitwise, have filed for SOL ETFs, aiming for a final SEC decision by October. The SEC’s engagement with issuers on the nuances of incorporating staking mechanisms within ETF structures indicates a proactive approach to balancing investor protection with innovation. This regulatory momentum is further supported by ongoing discussions addressing the complexities of staking mechanisms within ETF structures, a critical feature for Solana investors seeking yield opportunities.

Industry experts anticipate that Solana ETFs could spearhead an “Alt Coin ETF Summer,” potentially catalyzing increased inflows into altcoin markets. The expedited approval process may be influenced by strategic filings under the Investment Company Act of 1940, bypassing the longer 19b-4 procedure, which has drawn regulatory attention. Investor sentiment is reflected in SOL’s options market, where the 25 Delta Skew has surged across multiple tenors, indicating a higher demand for call options and a bullish positioning. This shift suggests traders are increasingly optimistic about SOL’s near-term price appreciation ahead of ETF and staking approvals.

Beyond market sentiment, on-chain analytics provide compelling evidence of Solana’s undervaluation. The MVRV Z-Score, a key valuation metric, currently reads 0.47, significantly below previous local peaks above 2 that coincided with SOL prices of $200 in early 2024 and $295 in early 2025. This disparity suggests substantial room for price appreciation if historical trends hold. Such data-driven insights are crucial for investors evaluating SOL’s risk-reward profile, especially in the context of anticipated ETF approvals that could enhance liquidity and institutional participation.

The potential approval of spot Solana ETFs represents a watershed moment, likely to enhance market accessibility and institutional adoption. Investors should consider the evolving regulatory landscape, staking integration within ETFs, and positive technical indicators when assessing SOL’s portfolio role. Moreover, the anticipated launch of crypto index ETFs alongside SOL products could diversify exposure to altcoins, broadening investment opportunities. Market participants are advised to monitor SEC announcements closely and evaluate on-chain metrics to inform strategic decisions.

With the SEC poised to potentially approve spot Solana ETFs imminently, supported by favorable market sentiment and robust on-chain valuation signals, SOL appears positioned for significant upside. The integration of staking within ETF frameworks and innovative filing strategies underscore a maturing regulatory environment. Investors should remain attentive to these developments as they could redefine altcoin investment dynamics and unlock new growth avenues.