The U.S. SEC has authorised the Kind 8-A (12B) filed by asset supervisor 21Shares to custody the Solana Spot ETF. This long-awaited approval has reignited bullish sentiment, with merchants eyeing a possible SOL rally to new all-time highs above $300.
The 21Shares Solana ETF ($SOL) is now formally registered on the Cboe BZX Trade, indicating the product might start buying and selling quickly.
#Solana Spot ETF authorised!
SEC approves @21shares 8-A. pic.twitter.com/RHtmGjp5d1— MartyParty (@martypartymusic) October 17, 2025
Nevertheless, the U.S. authorities shutdown has briefly halted SEC critiques of S-1 filings required for Solana and different spot crypto ETFs to launch.
Whereas 19b-4 approvals had been processed below the Generic Itemizing Requirements, funds nonetheless want registration below the 1933 and 1934 Acts.
Issuers, together with Bitwise and Grayscale, have withdrawn, delaying amendments, which means their purposes might technically turn out to be efficient after 20 days.
Nonetheless, listings additionally require Kind 8-A filings and trade clearance; solely 21Shares has accomplished this step up to now.
Wave of U.S. Solana Spot ETF Approvals Anticipated
A number of SOL ETFs are positioned to launch as soon as the federal government reopens or exchanges proceed independently.
Whereas U.S. buyers await a regulated Solana funding automobile, the world’s first spot Solana ETF has launched in Hong Kong following the profitable debuts of Bitcoin and Ethereum spot ETFs.
The product, created by China Asset Administration Firm (Hong Kong), broadly often called ChinaAMC (HK), formally started buying and selling on October 16, 2025.
ETF analyst Nate Geraci now believes a number of different Solana exchange-traded fund (ETF) proposals, some together with staking, might obtain approval from U.S. regulators earlier than the tip of October.
In a put up on X, Geraci famous that Franklin Templeton, Constancy, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital have all filed up to date S-1 paperwork for his or her proposed spot Solana ETFs.
One other flurry of S-1 amendments filed right now on spot sol ETFs…
Franklin, Constancy, CoinShares, Bitwise, Grayscale, VanEck, & Canary.
Consists of staking (sure, bodes effectively for spot eth ETF staking).
Guessing these are authorised w/in subsequent two weeks. pic.twitter.com/g13NDFKSEU— Nate Geraci (@NateGeraci) September 26, 2025
The S-1 type gives detailed disclosures on fund construction, dangers, and operations.
Geraci speculated that approvals might arrive throughout the subsequent two weeks, calling October a pivotal month for digital asset merchandise.
Digital asset investing firm Pantera Capital says Solana (SOL) is at a serious inflection level in its adoption because the third-largest crypto asset after Bitcoin and Ethereum.
Market confidence in a SOL rally in direction of $300 is now excessive, with Polymarket displaying 99% odds favoring Solana ETF approval earlier than the tip of 2025.
Information from Coingecko additionally reveals that Solana digital asset treasury (DAT) firms have been accumulating SOL aggressively.
Ray Youssef, CEO of NoOnes, informed CryptoNews that DATs similar to Ahead Industries and Helius have allotted over $2 billion to SOL accumulation, resulting in an over 230% improve in treasury holdings in September alone.
With choices relating to SOL ETF launch and the broader market, “Solana couldn’t solely achieve additional grounds on ETH within the Layer 1 arms race but in addition soar as excessive as $300 by Q1 2026”, Youseff added.
Technical Evaluation: SOL Eyes $260–$300 Goal
On the technical entrance, the Solana (SOL/USDT) each day chart signifies the asset has accomplished an Elliott Wave corrective part (A–B–C) and is now stabilizing close to the 50% Fibonacci retracement zone round $180.
This stage coincides with a key high-volume node (HVN) and sits simply above the 200-day EMA (purple line).
The prior impulsive transfer to $244 marked Wave 1, adopted by a corrective construction that has doubtless bottomed across the $166–$180 vary.
The RSI is hovering close to the impartial zone, indicating fading bearish momentum and room for upside enlargement.
If the present stage holds, Solana is well-positioned for the beginning of Wave 3, sometimes the strongest part in an Elliott Wave sequence.
A confirmed breakout above $216 might set off a rally towards $263 and probably $295.
Nevertheless, failure to carry above $166 might lengthen the correction towards $148 earlier than resumption.
Total, the construction favors a bullish reversal towards the $260–$300 zone within the coming weeks.
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