Coinatory

Solana Nears Breakout: What Must Align for SOL to Hit $260 Solana’s native token (SOL) has surged 28% in just three weeks, reversing nearly two months of bearish price action. However, this recovery—while notable—is not yet underpinned by institutional conviction or decisive long positioning in the derivatives market. To break above the $260 mark, several critical catalysts must converge. Futures and Funding: A Cautious Optimism The derivatives market is signaling moderate enthusiasm. SOL’s perpet... cryptocurrency news

7 Solana ETF Filings Submitted — SEC Approval May Take Time Seven Solana ETF issuers filed S-1 forms with the SEC on June 13, but Bloomberg ETF analyst James Seyffart believes approval isn’t likely anytime soon. He compared the situation to spot Bitcoin ETFs, which took over a decade from the first filing in 2013 to their eventual launch in January 2024. “There needs to be back and forth with the SEC to iron out details,” Seyffart said, noting the heavy filing activity that preceded the Bitcoin ETF ap... Coinatory crypto news