- Solana’s ecosystem shifts, including ETF approval speculation, suggest a potential push towards a new all-time high in Q4.
- 21Shares’ Jupiter ETP launch on the SIX Swiss Exchange opens new institutional investment avenues, adding to Solana’s bullish outlook.
- Analysts predict Solana could offer one of the best opportunities for three- to five-times returns in the current market cycle.
Solana’s recent strides in the crypto space have sparked renewed optimism, with experts anticipating that the token could soon reach a new all-time high (ATH). The most recent boost to the altcoin comes from the launch of the Jupiter ETP by asset manager 21Shares, listed on the SIX Swiss Exchange. This move increases exposure options for institutional investors, enabling them to tap into Solana’s leading liquidity hub, Jupiter, which handles the majority of Solana’s transactions.
The Jupiter ETP, which carries a 2.5% fee, allows institutions to gain direct exposure to Jupiter’s impressive liquidity infrastructure. Jupiter processes over 90% of Solana’s transactions and manages a weekly trading volume of around $8 billion. The ETP launch, along with Jupiter’s significant growth, has generated considerable market interest, reinforcing the bullish outlook for Solana in the near future.
Market Sentiment Shifts Toward Bullish Territory
In addition to the ETP’s introduction, analysts have pointed to Solana’s improving fundamentals and speculate that it could break past its previous ATH by the end of 2025. Crypto expert Gem Detector highlights that as the year progresses, especially in Q4, Solana may test or exceed its previous highs. Analysts believe that many sellers who exited earlier may find themselves forced to buy back at a loss as the market rallies, further driving demand.
The anticipation surrounding Solana’s potential ETF approval is another catalyst fueling the positive market sentiment. The U.S. Securities and Exchange Commission (SEC) recently removed delay notices for crypto ETFs, with Solana among the tokens under consideration. This has sparked speculation about potential inflows into SOL products, particularly if the approval of spot ETFs is granted before the October deadline.
Additional Developments Add Fuel to Solana’s Bullish Momentum
Recent corporate movements, including Nasdaq-listed Forward Industries launching its SOL treasury, have further enhanced Solana’s appeal to investors. Additionally, predictions from analysts such as Altcoin Gordon suggest that Solana may offer one of the best opportunities for triple-digit returns during this market cycle. CME Group is also set to introduce futures options for Solana on October 13, pending regulatory approval, which would provide further access for traditional investors.
Solana’s momentum continues to grow as ETF products gain traction. According to prediction markets, the chances of a Solana ETF approval are currently at 99% for 2025, contributing to an optimistic outlook for the altcoin’s price in the final months of the year.
