Solana Poised for a Surge? ETF Approval Buzz Fuels Market Optimism

The cryptocurrency community is abuzz with excitement following a recent post from CryptoQuant.com on X, hinting at a potential “Solana Storm” driven by the anticipated approval of a Solana Spot ETF.

The tweet suggests that the current market slowdown could be the calm before a significant bullish wave, especially with an upcoming catalyst tied to regulatory developments.

CryptoQuant’s analysis includes two insightful visualizations: the “Solana Spot Volume Bubble Map” and “Solana Futures Volume Bubble Map.” These charts, color-coded to reflect market conditions (red for overheating, green for cooling), indicate a recent dip in activity. This lull, according to CryptoQuant analyst @burak_kesmeci, might present an “early-stage opportunity,” particularly if the SEC greenlights a Solana Spot ETF.

The post aligns with Polymarket data, which as of June 11, 2025, shows a striking 91% probability of approval this year, a figure echoed by Bloomberg ETF analyst Eric Balchunas, who estimates a 90% chance.

The potential impact of an ETF approval is substantial. Research from the Journal of Financial Economics (2021) indicates that assets experiencing ETF approvals often see a 15-20% price jump within 30 days. With Solana currently trading at $163.74, this could translate to a target of around $300 if regulatory momentum holds. The direct buying and selling involved in spot ETFs, unlike futures-based products, could further tighten supply-demand dynamics, amplifying price growth.

However, the crypto market remains volatile, with Solana’s 1.35% daily volatility underscoring the need for caution. The X thread also sparked varied reactions, from enthusiastic support to skepticism about Solana’s long-term value against Bitcoin. As the SEC deliberates—potentially before Q2 ends, per Polymarket polls—investors are keenly watching. Whether this is the prelude to a Solana moonshot or a fleeting hype, the coming weeks will be critical.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.