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“Solana ETF approval in 2025” confirms Nate Geraci – SOL reacts
In a significant development that has sent shockwaves throughout the cryptocurrency market, Nate Geraci, president of the ETF Store, has confirmed that spot Solana ETFs will be approved in 2025. The prediction has sparked intense reactions across the market, with investors scrambling to make sense of the implications.
According to Geraci’s statement on X (formerly Twitter), his prediction is based on the crypto-friendly government and the resignation of United States Securities and Exchange Commission (SEC) Chair Gary Gensler. With Donald Trump set to assume the presidency, the overall cryptocurrency market may witness multiple ETF approvals, including that of Solana.
In light of this forecast, the future prospects for Solana’s price appear promising. Analysts anticipate a similar rally seen in the past following ETF approval. This could lead to a surge in demand and subsequent price increase as traditional investors and retail traders join the market.
Currently, the sentiment among top traders appears bearish, with 39.29% holding short positions, while 60.71% hold long positions according to Coinglass data. However, this may be a contrarian buy signal for investors who believe in Geraci’s prediction.
Source: ambcrypto.com
