#SOLETFsOnTheHorizon With Solana ETF approval, will SOL price climb to $400 by 2025?

SOL may be on track to hit $400 based on historical chart patterns and growing anticipation for the first spot Solana exchange-traded fund (ETF) in the United States.

Investors are increasingly expecting a spot Solana ETF to be approved before the end of 2025

“The market hasn’t priced it in yet because U.S. ETF approval is still very uncertain and unlikely,” Alejo Pinto, former IBM blockchain growth lead and founder of Solana layer-2 network Lumio, told Cointelegraph. “But it will have a positive impact on Solana price,” he said.

Firms vying for the Solana ETF include asset management giant VanEck, Grayscale, 21Shares, Bitwise and Canary Capital.

The deadline to apply for Grayscale’s Solana ETF is Jan. 23. The other four applicants are awaiting initial decisions on Jan. 25, 45 days after the U.S. Securities and Exchange Commission formally accepted ETF applications for review in November.

Brazil’s first Solana ETF was approved on Aug. 7, setting a precedent for other countries around the world.

Solana had risen above $230 on Dec. 11 as investor expectations for a SOL ETF grew and Bitwise set a $750 price target for Solana.