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Solana Reclaims $210 as Major Managers File Staking-Enabled Spot ETF Amendments

Market focus turns to the $230 ceiling, with possible SEC decisions seen as near-term catalysts.

Overview

  • Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary submitted fresh S-1 amendments for spot Solana ETFs that include staking features, according to ETF Store’s Nate Geraci.
  • SOL traded back above $210 after holding support near $193.52, with intraday charts showing a break above a bearish trend line and the 100-hour moving average.
  • Institutional demand strengthened, with REXShares recording $16.2 million of single-day inflows and REX-Osprey funds purchasing more than $10.5 million of SOL.
  • Analysts flag $230 as immediate resistance; a confirmed breakout could target $370–$400, while failure to hold the ~$200 band risks a slide toward ~$180.
  • Jump’s Firedancer team proposed SIMD-0370 to replace fixed compute-unit limits with dynamic scaling, a capacity upgrade still in the proposal phase.