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US SEC Won’t Entertain Solana ETFs, $300 SOL Price At Risk?

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Solana price has been consolidating in the tight range over the past week , with analysts eyeing potential breakout.

The approval of spot Solana ETFs won’t go through, with the U.S. Securities and Exchange Commission notifying two of the five prospective issuers.

Industry insiders believe the SEC is unlikely to approve any new cryptocurrency ETFs under the current administration.

However, President-elect Trump appointing David Sachs brought some hope back to the market.

At press time, SOL price is trading 1.68% up at $ 241 with a market cap of $114.569 billion .