Overview

• Multiple U.S. spot Solana ETF applications from firms including Grayscale, Fidelity, Franklin Templeton and VanEck face decisions around October 10, focusing near-term market attention.
• Heatmap and technical analyses flag $232 as the key breakout, with shorts concentrated in the $220–$240 band and potential follow-through toward the mid-$240s if that level is reclaimed.
• Bitwise amended its BSOL filing to add staking and set a 0.20% fee with a temporary waiver, with the SEC’s final decision deadline on October 16.
• On-chain activity has accelerated, with seven-day fees up 22%, DEX volumes jumping on Pump (+78%), Meteora (+73%) and Raydium (+46%), and TVL rising to about $14.2 billion, according to Nansen data.
• ETP flows remain strong, with $706 million reported in the week ending September 5 and REX-Osprey’s staking-enabled spot product surpassing $400 million since launch.