Solana ETF Nears Approval, Is Now the Time to Buy SOL?

The crypto market is buzzing with speculation as the U.S. SEC inches closer to potentially approving a Solana ETF.  At the same time, traders are closely watching the Solana (SOL) price, which has been showing mixed signals following volatility triggered by U.S. government shutdown fears. 

With both regulatory updates and technical price levels in play, October is shaping up to be a pivotal month for Solana. Read this article to find out more about Solana ETF approval and Solana (SOL) price prediction for October!

Solana ETF Approval 

Rumors suggest that the SEC could approve spot Solana ETF between October 6–10, 2025. This comes after the regulator adopted new generic listing standards for crypto exchange-traded products, effectively removing the need for asset-specific filings.

These new rules simplify the ETF process, and analysts like Eric Balchunas from Bloomberg have even said that approval odds for altcoin ETFs, including Solana, are now 100%. 

Issuers have already updated their S-1 forms, and the only lingering uncertainty stems from potential delays tied to U.S. government funding issues. 

If approved, a Solana ETF could drive significant institutional inflows into SOL, adding fresh liquidity and boosting adoption. However, if the government shutdown stalls SEC activity, the timeline might get pushed back, causing short-term price hesitancy.

Read Also: What is Solana Blockchain? A Simple Guide for Beginners

Solana (SOL) Price Today

Source: Coinmarketcap

As of now, SOL price is trading at $209.24, down 0.42% on the day. The chart shows a recovery after dipping to $204.17, signaling that buyers stepped in near psychological support. 

Despite this bounce, Solana has struggled to sustain momentum above $210–$215, which remains a key resistance zone.

Institutional wallets holding between $1M and $10M have reportedly been buying the dip, suggesting smart money confidence at these levels. 

However, retail traders were hit hardest by recent liquidations around $205, underlining the importance of managing leverage in volatile conditions.

Read Also: Can Solana Reach $1000? Analyzing the Potential Momentum

Solana (SOL) Price Analysis

Based on the latest chart above, here’s the Solana (SOL) price analysis: 

1. ETF Timeline Concerns (Mixed Impact)

- ETF approvals could arrive between October 6–10.

- Delays from U.S. government shutdown risk remain possible.

- Traders are cautious, consolidating positions below $215 until clarity emerges.

2. Whale Selling Pressure (Bearish Impact)

- On-chain data shows $31.5M SOL moved to exchanges on Sept 30.

- Profit-taking from large holders added downward pressure.

- Retail traders mirrored whale behavior, accelerating downside moves.

3. Technical Breakdown (Bearish Bias)

- SOL broke below its 7-day SMA ($206.52) and pivot at $208.94.

- RSI is at 45.77, showing room for further downside.

- Key levels: Support at $200, Resistance at $215.

- If support fails, SOL could revisit $190 before finding a stronger floor.

Read Also: Solana Price Prediction 2025: Is $300 Still on the Cards?

Is Now the Time to Buy SOL?

So, is now the time to buy Solana (SOL)? The possibility of a Solana ETF approval is more than just a regulatory milestone, it could be a game-changer for the long-term growth of SOL. Here’s why:

1. Institutional Money Could Flow In

An approved ETF makes it easier for traditional investors, such as hedge funds and retirement portfolios, to gain exposure to Solana without holding the token directly. This new wave of capital can fuel buying pressure and stabilize long-term growth.

2. Increased Market Liquidity

With an ETF in place, trading volumes are expected to rise. More liquidity means tighter spreads, faster execution, and a healthier trading environment that benefits both retail and institutional traders.

3. Legitimacy and Regulatory Confidence

ETF approval signals that Solana has cleared one of the biggest hurdles: regulatory acceptance. This not only reduces uncertainty around Solana’s status but also boosts investor confidence in SOL as a legitimate, long-term crypto asset.

4. ETF + Staking Potential

Some issuers have amended their filings to address staking. If staking becomes part of Solana ETFs, investors could earn additional rewards, further boosting demand and creating a stronger case for holding SOL.

5. Timing the Market Opportunity

With Solana (SOL) price hovering around $209 and struggling to break resistance at $215, investors see a window to buy before a potential breakout. If ETFs are approved in early October, the upside momentum could push SOL toward $230 and beyond.

Read Also: Is RWA the Next Narrative on Solana?

Conclusion

October 2025 is shaping up as a decisive month for Solana. While technical signals currently lean bearish with resistance at $215, the Solana ETF approval could flip sentiment quickly. If institutional demand pours in, SOL could break out of its current range and target new highs. 

For now, traders should watch the $200 support and $215 resistance levels closely while staying tuned for the SEC’s final decision.

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FAQ

What is the current Solana (SOL) price?

Solana is trading around $209.24, showing slight losses on the day but holding above the $200 support zone.

When will the Solana ETF be approved?

Analysts expect SEC approval between October 6–10, 2025, though delays may happen if a U.S. government shutdown impacts regulatory activity.

What happens if the Solana ETF is approved?

Approval would likely bring in fresh institutional investment, increase liquidity, and potentially drive SOL’s price higher.

What are the key support and resistance levels for SOL?

Support sits near $200, while resistance is at $215. Breaking above $215 could open the door for further gains.

Is Solana bullish or bearish right now?

Short-term signals lean bearish, but mid-term sentiment could turn bullish if the ETF approval goes through and Bitcoin continues to strengthen.