TL;DR
The SEC’s pending decision on Grayscale’s Solana ETF, due today, could have a major impact on the underlying token.
The Chicago Mercantile Exchange’s plan to launch SOL and XRP futures on February 10 has already influenced the performance of the assets. The products (if they go live) may attract more institutional investors and positively influence both tokens in the long term.
The Potential Catalyst
Solana (SOL) has been among the top-performing cryptocurrencies in the last week, with its price soaring by over 20% for that timeframe. It reached a new all-time high of more than $285 on January 19, while currently, it trades just south of $250.
SOL Price, Source: CoinGecko
One important factor suggesting that the bull run may prevail is Grayscale’s intention to convert its Solana Trust Fund into an exchange-traded fund (ETF). The agency responsible for approving such filings in the US is the Securities and Exchange Commission (SEC). Its initial decision deadline for Grays
We współpracy z: https://cryptopotato.com/january-23-a-potential-game-changer-for-solana-sol/
