Solana Eyes $345 as SEC’s ETF Decision Nears With Analysts Seeing Full Approval Odds

Analysts predict Solana could rise to $345 if the SEC approves spot ETF applications this week.

Bloomberg analysts cite near 100% approval odds, supported by regulatory clarity and leadership changes.

Market optimism grows as Polymarket bettors place Solana ETF approval odds above 99%.

Solana gaining attention this week in the U.S. Securities and Exchange Commission (SEC) approaches its decision on several spot Solana exchange-traded fund (ETF) applications. Analysts believe approval could lead to a strong market rally, with predictions placing the token’s next target between $290 and $345. The decision, expected by Friday, could influence Solana’s short term movement as investors anticipate potential institutional inflows.

Strong Upside if Spot ETFs Are Approved

According to Bloomberg’s senior ETF analysts, the likelihood of approval is at nearly 100%, citing improved regulatory clarity and leadership changes at the SEC. The agency is set to review nine applications, including filings from VanEck, Fidelity, Grayscale, Canary, and Franklin Templeton. Additional proposals by Bitwise and 21Shares face final reviews by October 16.

Market sentiment has been bullish following these outlook. Polymarket bettors have placed the odds of approval above 99%, reflecting growing expectations of a positive outcome. Crypto analyst Lark Davis noted on X that “the final deadline for spot SOL ETF approval is just four days away,” describing this week as key for Solana’s market movement.

Institutional Demand

Analyst NekoZ outlined a bullish technical outlook, predicting a move toward $346 if approval is granted. The setup, based on an ascending parallel channel, suggests growing strength behind Solana’s recovery from its late September lows. At press time, SOL was trading at $221, a 20% rebound from its September 25 low of $191.

ETF approvals often bring increased liquidity and institutional exposure to crypto markets. Previous spot ETF approvals, such as Bitcoin’s earlier this year, drew substantial capital inflows and improved price stability

If the SEC approves Solana ETFs, analysts expect similar investor activity. HODL Gentleman wrote on X that such approval “could open a new chapter of institutional adoption” for Solana.

Momentum Builds Ahead of SEC Decision

The SEC’s recent adoption of generic listing standards for digital asset ETFs has accelerated the approval process, removing the need for asset specific rule changes. This regulatory adjustment has allowed issuers to move applications faster through review.

The launch of the REX Osprey Solana Staking ETF in July, which recorded over $33 million in first day trading volume, demonstrated investor appetite for Solana based investment products

Grayscale’s expansion into Solana staking products has further strengthened optimism around the asset’s broader market appeal. With the SEC’s ruling expected within days, focus is on whether Solana can sustain its recovery momentum if spot ETFs gain approval.

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