SOL ETF

Solana

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>SOL recorded an ascendant trajectory today, as Grayscale filed for a Solana ETF.</li> 
 <li>Also, today Pump.fun transferred 200,000 SOL worth around $464,000.</li> 
</ul> 
<p>As the altcoin season debuts, more digital assets are recording new ATHs. Solana (SOL) also seems to be on the right path to surpass its previous 2021 ATH, amidst crypto market optimism and various other factors.</p> 
<h2 id="sol-gets-closer-to-previous-ath">SOL Gets Closer to Previous ATH</h2> 
<p>At the moment of writing this article, <a href="https://crypto.ro/en/cryptocurrencies/solana/">SOL</a> is trading above $232.6, up by over 3.5% in the last 24 hours. SOL has a market cap of over $110.57 billion.</p> 
<p>SOL recorded a price rebound from yesterday’s dip to $217 levels and a market cap of $103 billion.</p> 
<figure id="attachment_54463" aria-describedby="caption-attachment-54463" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap.jpeg"><img loading="lazy" decoding="async" class="wp-image-54463 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap.jpeg" alt="SOL price in USD today" width="1200" height="800" title="SOL Could Approach Its 2021 ATH as Grayscale Files For a Solana ETF with NYSE 35" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/12/SOL_1D_graph_coinmarketcap-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-54463" class="wp-caption-text">
  SOL price in USD today
 </figcaption>
</figure> 
<p>SOL reached its ATH on November 7, 2021, at almost $258 and the digital asset might be on the right path to surpassing it soon. SOL got close to its previous 2021 ATH on November 22, when the coin reached a price of over $256.</p> 
<p>Optimistic factors could bring a new historical peak for SOL.</p> 
<h2 id="grayscale-files-for-a-sol-etf-with-nyse">Grayscale Files for a SOL ETF with NYSE</h2> 
<p>Among the factors that could push SOL’s price higher is the fact that Grayscale <a href="https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/rule-filings/filings/2024/SR-NYSEArca-2024-110.pdf" rel="nofollow noopener" target="_blank">filed</a> for a Solana ETF with NYSE, as revealed by a recent 194-b filing with the SEC.</p> 
<figure id="attachment_54464" aria-describedby="caption-attachment-54464" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/soilana.png"><img loading="lazy" decoding="async" class="wp-image-54464 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/soilana.png" alt="Official Grayscale Filing Notes" width="840" height="485" title="SOL Could Approach Its 2021 ATH as Grayscale Files For a Solana ETF with NYSE 36" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/soilana.png 840w, https://crypto.ro/en/wp-content/uploads/2024/12/soilana-300x173.png 300w, https://crypto.ro/en/wp-content/uploads/2024/12/soilana-768x443.png 768w, https://crypto.ro/en/wp-content/uploads/2024/12/soilana-750x433.png 750w" sizes="(max-width: 840px) 100vw, 840px"></a>
 <figcaption id="caption-attachment-54464" class="wp-caption-text">
  Official Grayscale Filing Notes
 </figcaption>
</figure> 
<p>Considering the upcoming Trump administration that could bring more crypto-friendly policies and the upcoming change of the US SEC chair, SOL ETFs could see approval at least sometime next year.</p> 
<p>Also, after Bitcoin ETFs recorded a huge success which led to the rise in Bitcoin’s price to new ATHs this year, Solana ETFs could experience the same path, following their launch.</p> 
<p>In other recent related news, today, on-chain data analyst Yu Jin’s monitoring notes revealed that Pump.fun saw an accelerated frequency of selling SOL.</p> 
<p>Since this morning, 200,000 SOL have been transferred to Kraken. According to the same on-chain notes, <a href="https://crypto.ro/en/news/pump-fun-is-the-fastest-growing-app-by-revenue-100m-in-217-days/">Pump.fun</a> has received a total of about 1.6 million SOL in fee income.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/Gd80F5ia0AIMW06?format=jpg&amp;name=4096x4096" alt="Pump.fun Kraken deposits " width="2210" height="1506" title="SOL Could Approach Its 2021 ATH as Grayscale Files For a Solana ETF with NYSE 37">
 <figcaption class="wp-caption-text">
  Pump.fun Kraken deposits
 </figcaption>
</figure> 
<p>While Pump.fun used to sell one SOL every few days, today they have already sold 2 SOLs, according to on-chain <a href="https://x.com/EmberCN/status/1864266084289003530" rel="nofollow" target="_blank">data</a>.</p>

SOL Could Approach Its 2021 ATH as Grayscale Files For a Solana ETF with NYSE

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