MAROKO133 Eksklusif crypto: Solana ETF Approvals Could Arrive by Mid-October, Says Analyst

📌 MAROKO133 Breaking crypto: Solana ETF Approvals Could Arrive by Mid-October, Say

Several Solana exchange-traded fund (ETF) proposals, some including staking, could receive approval from US regulators by mid-October, according to ETF analyst Nate Geraci.

The comment follows a wave of amended S-1 filings submitted to the Securities and Exchange Commission (SEC) on Friday.

Top Asset Managers File Updated Applications for Spot Solana ETFs

In a post on X, Geraci noted that Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital all filed updated documents for their proposed spot Solana ETFs.

The S-1 form provides detailed disclosures on fund structure, risk, and operations.

Geraci speculated that approvals could land within the next two weeks, calling October a “significant month” for digital asset products.

His remarks come shortly after the REX-Osprey Solana Staking ETF launched in the US, debuting on the Cboe BZX Exchange with $33 million in trading volume and $12 million in first-day inflows.

The ETF momentum around Solana aligns with recent market commentary positioning SOL as the next crypto asset poised for institutional adoption.

Pantera Capital described Solana as “next in line” following under-allocation compared to Bitcoin and Ether.

Bitwise CIO Hunter Horsley added that the firm’s European-listed Solana staking ETP recorded $60 million in inflows over five trading days—evidence that “Solana is on people’s minds.”

Geraci also noted that the inclusion of staking language in U.S. filings may be a positive signal for the long-delayed approval of spot Ethereum ETFs with staking features.

Ether ETF applicants have long pushed for the ability to offer yield via staking, which analysts say could “reshape the market.”

While the SEC has not yet given the green light for staking in US-listed Ether ETFs, optimism is growing among issuers and analysts that broader altcoin exposure, and the ability to generate yield, could drive a new wave of investor interest.

Bitcoin ETFs Hold Over 1.47M BTC

Bitcoin exchange-traded products now hold over 1.47 million BTC, representing around 7% of the total supply, with U.S.-based ETFs dominating the landscape.

BlackRock’s IBIT leads with 746,810 BTC, followed by Fidelity’s FBTC at nearly 199,500 BTC, according to data from HODL15Capital.

However, momentum appears to be cooling. In August, Bitcoin ETPs saw $301 million in outflows, while Ethereum funds attracted $3.95 billion.

Whale activity mirrors this shift, with several large holders rotating hundreds of millions from BTC into ETH ahead of key ETF developments and the historically weak September trading month.

As reported, the US Securities and Exchange Commission (SEC) is currently reviewing 92 crypto ETF applications, according to Bloomberg Intelligence analyst James Seyffart.

A detailed spreadsheet published on August 28 shows most of these filings, especially those linked to Solana, XRP, and Litecoin, are facing final decisions by October.

The wave of new applications reflects growing interest in altcoin-focused ETFs and could spark fresh capital inflows into the crypto market.

The post Solana ETF Approvals Could Arrive by Mid-October, Says Analyst appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Hot crypto: Market Indicators Signal Another Crash For Pi Network Pric

PI Network’s native token PI has remained locked in a sideways trend after slipping to a fresh all-time low of $0.1842 on September 22. 

Since then, the cryptocurrency has oscillated within a horizontal channel, finding support at $0.2565 while facing resistance at $0.2917. With bearish clouds hanging over the broader market, PI risks revisiting its price low.

Weak Momentum Keeps PI Under Pressure

PI’s falling Average True Range (ATR) reflects the weakening momentum among spot market participants. Readings from the PI/USD one-day chart show that this indicator has steadily trended downward since the sideways trend began on September 23 to reach 0.0234 at press time.  

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The ATR measures the degree of price movement over a given period. When it trends downward like this, it typically indicates that price fluctuations are narrowing and overall momentum is weakening.

This decline highlights the dwindling trader participation in the spot markets and the lack of new capital inflows into the token, hinting at the likelihood of a breakdown of the support at $0.2565 in the near term. 

Moreover, PI trades solidly below its 20-day Exponential Moving Average (EMA), confirming this bearish outlook.  At press time, this key moving average forms dynamic resistance above PI’s price at $0.3185. 

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. When the price falls under it, sellers are in control, and market momentum is skewed to the downside. 

This signals that  PI is struggling to attract upward momentum and could extend its sideways movement, or even face fresh downside pressure if sentiment fails to improve.

Downside Risks Continue to Build

With trading momentum weakening, PI’s price action appears increasingly vulnerable to another breakdown. It could push below the $0.2565 support floor and revisit its all-time low. 

Conversely, if sentiment improves, PI could attempt to breach the resistance at $0.2919. A breakout above this level could mark the start of a recovery attempt, pushing PI’s price above its 20-day EM

The post Market Indicators Signal Another Crash For Pi Network Price appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com