Solana (SOL) ETF Filing By 21Shares Sparks Optimism With

• Solana sees renewed confidence as 21Shares files Form 8-A (12B) with the SEC, signaling an imminent ETF launch.
• Analysts suggest Solana’s $170–$180 range is a key accumulation zone before a potential price rebound.
• Breaking above $200 could trigger a bullish continuation toward the $300 resistance level.

Solana (SOL) faces a minor downturn with a depreciation in its value, reflecting fading investor confidence in the broader crypto landscape. Its price has decreased by 7.65% over the last 24 hours and 19.12% over the last week.

At the time of writing, SOL is trading at $177.09, supported by a market capitalization of $96.89 billion. Moreover, its trading volume has also surged 24.01% to $11.23 billion, reflecting that both traders and investors are hopeful about a trend reversal.

Source: CoinMarketCap

Also Read: Solana’s Price Action Sparks Optimism: Is a $210 Rally on the Horizon?

Solana ETF Nears Approval After 21Shares SEC Filing

A prominent crypto analyst, Solana Daily, revealed that 21Shares has filed Form 8-A (12B) with the SEC, marking the final step before launching its Solana ETF ($SOL). The ETF is now officially registered on the Cboe BZX Exchange, signaling that trading could begin soon. This move positions 21Shares to debut the first U.S.-listed Solana ETF.

Source: X

The filing marks Solana’s growing foothold in institutional finance and ETF markets. Once trading begins, it will allow investors to gain exposure to SOL without directly holding the asset. Following Bitcoin and Ethereum ETF approvals, Solana could be next to enter the mainstream investment spotlight.

Solana (SOL) Eyes $170 Before Push Toward $300

Further, the crypto analyst, Bren, noted that Solana (SOL) is in the process of testing important support areas in the $170–$180 zone, a region that most analysts interpret as the last correction leg preceding the next rebound. This zone comprises a very important accumulation zone where buying pressure could absorb selling pressure. Remaining above the upside of this support could validate market stability and lay the foundation for the subsequent big move.

Source: X

If Solana holds its ground above $170 and retraces resistance around $200, the subsequent target lies in the neighborhood of the $300 level. Tech analysts cite this level as a subsequent big milestone in the bull pattern of SOL. A clear breakout with good volume could confirm the reversal and also indicate the initiation of Solana’s subsequent upward motion.

Also Read: Solana Price Forecast October 2025: Can It Reach $1300?