Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves
- Solana (SOL) rallies ~6% near $121, fueled by Grayscale ETF filing & PayPal news
- Grayscale files with SEC to convert GSOL trust into a spot Solana ETF on NYSE Arca
- SOL holds key $100-$115 support zone; analysts eye $186+ breakout potential
Solana (SOL) regained focus Saturday, rising nearly 6% over 24 hours to trade near $120 as positive news developments converged on a critical technical support zone.
Futures market sentiment also turned decidedly bullish, with analyst Ali Martinez reporting 71.4% of Binance traders holding long Solana positions.
Grayscale Files for Spot Solana ETF Conversion (GSOL)
Fueling bullish sentiment, Grayscale Investments filed a registration statement with the SEC on Friday seeking to convert its Grayscale Solana Trust (GSOL) into a spot Solana ETF listed on NYSE Arca. This move mirrors Grayscale’s successful conversions for Bitcoin and Ethereum products.
Market observers consider Solana a strong candidate for eventual spot ETF approval, citing its establ…
The post Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves appeared first on Coin Edition.
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Decoding Altseason Clues: Total 2 Consolidation Meets ETH Whale Buying
Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves
- Solana (SOL) rallies ~6% near $121, fueled by Grayscale ETF filing & PayPal news
- Grayscale files with SEC to convert GSOL trust into a spot Solana ETF on NYSE Arca
- SOL holds key $100-$115 support zone; analysts eye $186+ breakout potential
Solana (SOL) regained focus Saturday, rising nearly 6% over 24 hours to trade near $120 as positive news developments converged on a critical technical support zone.
Futures market sentiment also turned decidedly bullish, with analyst Ali Martinez reporting 71.4% of Binance traders holding long Solana positions.
Grayscale Files for Spot Solana ETF Conversion (GSOL)
Fueling bullish sentiment, Grayscale Investments filed a registration statement with the SEC on Friday seeking to convert its Grayscale Solana Trust (GSOL) into a spot Solana ETF listed on NYSE Arca. This move mirrors Grayscale’s successful conversions for Bitcoin and Ethereum products.
Market observers consider Solana a strong candidate for eventual spot ETF approval, citing its establ…
The post Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves appeared first on Coin Edition.
Read More