The post SOL Price Jumps 4.77% as Spot Solana ETF Approval Odds Rise appeared on BitcoinEthereumNews.com.

Key Notes Daily trading volume surged by 40% to $5.42 billion, with SOL consolidating at $165, poised for a breakout that could potentially lead to a 5x to 10x rally. CoinGlass data indicates an 11% rise in Solana futures open interest, surpassing $7.5 billion in the last 24 hours. Bloomberg analysts suggest that a Solana ETF approval could be imminent, with seven issuers already filing for spot ETFs. Solana SOL $166.5 24h volatility: 5.1% Market cap: $87.47 B Vol. 24h: $6.11 B price has seen a healthy uptick in the last 24 hours, gaining nearly 5% as the odds of a Solana ETF approval increase, according to the latest Bloomberg report. Furthermore, the daily trading volume for SOL has also surged by nearly 40% to $5.42 billion, showing a strong bullish sentiment for the Ethereum competitor. As of press time, SOL price is trading at $165, where it’s been consolidating for the past month. Solana is on the verge of a significant breakout, with analysts suggesting that surpassing the $200 mark could trigger a substantial bull run. According to market expert Ali Martinez, this milestone might pave the way for a potential 5x to 10x surge in Solana price #Solana $SOL breaking above $200 could catalyze a major 5X to 10X bull run! pic.twitter.com/WlkH38xE0O — Ali (@ali_charts) June 10, 2025   As per the CoinGlass data, the Solana futures open interest has surged 11% in the last 24 hours, surging past $7.5 billion, suggesting strong bullish sentiment for the altcoin. Solana ETF Approval Can Trigger SOL Price Rally Bloomberg ETF strategists James Seyffart and Eric Balchunas have shared an important update noting that an altcoin ETF summer is around the corner, with Solana ETF having the highest odds of approval. A total of seven issuers have already filed for spot…

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Filed under: News - @ June 11, 2025 8:28 am