Forget About Solana ETF Approval? Expert Claims FTX $16.6 Billion Returns Could Trigger ATH Rally
The post Forget About Solana ETF Approval? Expert Claims FTX $16.6 Billion Returns Could Trigger ATH Rally appeared on BitcoinEthereumNews.com.
Whether Solana ETF will be approved has brought a crucial time for the crypto market, and DTX Exchange will present itself as a chance full of promise. With Solana’s price fluctuating and the potential for a significant rally driven by FTX’s financial maneuvers, investors are keenly observing both the SOL price and the burgeoning DTX ecosystem. Solana ETF Approval Could Lead To a Lot of Changes in the Industry Recent predictions from industry experts suggest that Solana ETFs could receive regulatory approval as early as 2025. According to Nate Geraci, president of The ETF Store, five asset management companies have already filed applications for spot Solana ETFs, showing rising enthusiasm for this asset class. According to Polymarket, there is currently an 80% probability that the SEC will approve these ETFs, fueled by optimism following recent approvals for Bitcoin and Ethereum investment products. Possible confirmation of the financing will improve SOL’s marketability and fluidity significantly and lead to investors’ bullish attitude towards it. Currently, Solana’s price stands at $191, with a market cap of $92 billion; however, it has experienced a slight decline of 3% in the past day and 7% over the week. Despite these fluctuations, many analysts believe a Solana ETF approval could trigger an all-time high (ATH) rally for Solana, especially if FTX’s ongoing litigation results in recovering its $16.6 billion in assets. With time, such implementations could increase by buying pressure on SOL as traders aim to take advantage of projected price hikes. Even if Solana ETFs Get Approved, DTX Exchange Will Be the Next Big Thing in Crypto Despite approvals from regulatory bodies like potential Solana ETFs at one point or another, it is pretty likely that there would be growth in interest for the DTX Exchange, which has quickly been taking off the ground because…
Filed under: News - @ January 10, 2025 8:26 am