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- Solana ETF Filed š Is Alt Season Next?
Solana ETF Filed š Is Alt Season Next?
Big crypto news: Invesco and Galaxy Digital have filed an Sā1 for a spot Solana ETF (QSOL)āthe 9th such application, backed by Coinbase Custody and aiming to directly hold SOL
1. Institutional Adoption Going Beyond Bitcoin & Ethereum
After BTC and ETH ETF approvals, asset managers are now moving into altcoinsāespecially Solana. Invesco and Galaxy are capitalizing on growing investor demand .
Analysts describe this as a strategic shift: Solana ETF filings represent mainstream altcoin adoption
2. Regulatory Confidence Is Rising
Bloomberg Intelligence now puts the odds of Solana ETF approval at around 90%, up from 70% earlier this year.
These applications include proper staking mechanisms, signaling investor interest in earning yieldānot just passive exposure
3. Price-Action Supports the Thesis
SOL recently broke out of a downtrend and is testing the $160ā172 zoneāaligned with altseason technical setups
If approval comes this summer, expect capital rotation into SOLāand possibly other altcoins.
ā 2. Event Highlight ā CryptoXcelerate Workshop
With institutions like Invesco and Galaxy filing for a Solana Spot ETF, itās clear that crypto markets are entering a new phase.
But headlines and filings only tell part of the story.
Even with growing institutional adoption, crypto remains wildly volatile.
ETH dropped from $2,880 to $2,113, triggered by heavy sell-offs and geopolitical tensions.
It broke below crucial support around $2,500.
The RSI plunged into oversold territory at 31.79, signaling extreme selling pressure.
The MACD turned heavily bearish, confirming downward momentum.
And thatās not even factoring in the upcoming Federal Reserve meeting, which could shake risk assets further.
So hereās the big question:
Is this crash actually an opportunity?
Historically, sharp drops like this have set up incredible entry pointsābut only for those who know how to read the signals and time their moves correctly.
Unfortunately, most traders either panic-sell at the bottom⦠or buy too early and watch prices fall even more.
Thatās why I strongly recommend attending the upcoming FREE 1-Day CryptoXcelerate Workshop, led by crypto expert and investor Leslie Lv.
Now, more than ever, is the time to learn how to trade crypto with structureānot guesswork.
During this free full-day workshop, youāll discover:
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