Experts predict the imminent launch of an ETF based on Solana and a rise in SOL.

A number of crypto experts believe that the first exchange-traded funds (ETF) based on Solana may be approved in the near future, which will lead to a rapid rise in SOL.

The yield of SOL over the past two and a half years has been astronomical, although the token fell below $10 after the FTX crash in 2022. Since then, the price of SOL has risen by approximately 2000%.

Analysts noted that seven asset managers took another step towards the launch of (ETF) Solana on the US markets. On August 1, organizations Bitwise, Fidelity, Grayscale, Franklin Templeton, VanEck, Canary Capital, and CoinShares submitted amended registration statements on Form S-1 to the (SEC).

Typically, amended S-1 forms indicate progress made by issuers and regulators. Usually, the SEC responds to amended S-1 forms within two to four weeks. Until that moment, the price of SOL is likely to be volatile. Over the past 30 days, the token has gained 9%, showing rise and fall throughout this period.

Analysts call August an important month for cryptocurrencies in 2025, capable of leading to a sharp rise in prices. The debut of the ETF on SOL will undoubtedly mark the beginning of this process.

On the daily chart, Solana SOL has broken above the peak of the ascending triangle, a structure that has been forming since March, and is now retesting the breakout zone. Crypto analyst Jonathan Carter pointed to this area as a possible support level:

A successful bounce could confirm a bullish breakout and direct the price towards target levels of $205, $225, and $268.