Solana Price Unshaken Amid DApp Boom And Alpenglow Possibility, ETF Decision Delayed
Posted On May 20, 2025
Solana’s (CRYPTO: SOL) price has retraced slightly, trading around $167, up 3.6% and extending its monthly gain to over 20%. The price action follows the U.S. Securities and Exchange Commission’s (SEC) delay of its decision on multiple spot Solana ETF applications, in spite of on-chain metrics supporting the bullish sentiment.
SEC pushed its review of Grayscale’s proposed Solana Trust ETF to October 2025, citing the need for further evaluation. While regulatory delays introduce uncertainty, the odds of a 2025 approval near 90%, signalling optimism despite the slow-moving process.
Don’t Miss:
- Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.
- New to trading crypto? Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade on Coinbase.
Investor focus has shifted to fundamentals, as Solana captures the majority of dApp revenue across blockchains. It generated …
About The Author
