Solana Smashes $200 Barrier as ETF Hype and Spot Approval Bets Fuel Rally

Solana isn't just climbing—it's moonwalking past resistance. The crypto just blasted past $200, fueled by Wall Street's sudden love affair with digital asset ETFs and whispers of imminent spot ETF approvals. Here's why traders are FOMO-ing in.

ETF inflows are pumping Solana's veins like a caffeine IV drip. Institutional money wants exposure, and SOL's high-speed blockchain is the shiny object du jour. Meanwhile, the SEC's foot-dragging on spot ETFs hasn't stopped speculators from front-running the paperwork—because when has regulatory uncertainty ever stopped crypto?

Let's be real: half these ETF applicants probably can't spell 'blockchain,' but they've smelled the fees. Solana's 2025 surge proves crypto's golden rule—money flows where the hype goes. Just don't ask what happens when the music stops.

Solana Surges As ETF Inflows Increase

In the first week of August, there were no inflows in SSK but a net outflow of $2.7 million. However, as the broader market regained strength this week, the inflows have increased.

Yesterday, there was a net inflow of $5.2 million, taking the total to $11.6 million this week. With this, the solana price has surpassed the $200 psychological level with a 15% surge in the past 24 hours.

At the time of writing, Solana is trading at $201.39, just below the key resistance level at $206, and a breakout from this level could induce more bullish sentiment and spark a further increase in inflows into the SSK Solana ETF.

BlackRock Says No Plans For SOL ETF

BlackRock is the leading crypto ETF player, with iShares Bitcoin Trust (IBIT) and iShares ethereum Trust (ETHA), the largest Bitcoin and Ethereum ETFs. However, BlackRock has stated that it currently does not have any plans to offer a spot Solana (SOL) ETF.

BlackRock immediately calls me out…

Says *no* plans at this time to launch spot XRP (or sol) ETF.

IMO, this will be looked back on as a mistake.

We shall see.

via @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO

— Nate Geraci (@NateGeraci) August 8, 2025

According to Nate Geraci, the president of NovaDius Wealth, “this will be looked back on as a mistake”, suggesting that they will eventually have to enter the Solana ETF market. In another post on X, Geraci implied he does not believe the claim and says BlackRock may be planning something big.

Major Firms Await Spot Solana ETF Approvals

Although BlackRock has no plans, many investment firms have recently submitted amended S-1 filings to the US SEC proposing spot Solana ETFs. These include Bitwise, 21Shares, Grayscale, Franklin Templeton, Fidelity, VanEck, CoinShares, and Canary Capital.

These filings are currently under the SEC’s consideration, and an approval or rejection is expected by October 10th. However, CoinDesk believes the decision will be made way before the October deadline, as the SEC has some pressure to approve them after the launch of REX-Osprey Solana + Staking ETF.

The US SEC currently has more than 75 altcoin ETF filings under review. In an interview with CNBC Television, Geraci said that he expects a standardized crypto framework to be implemented in the next few months for quick approvals and that we are “going to see a boatload of crypto ETFs coming to market”.

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