Crypto ETF Rush Accelerates as Solana Leads Altcoin Surge

The race to launch crypto exchange-traded products (ETPs) in the United States is intensifying, with asset managers rushing to capitalize on a more favorable regulatory climate. According to Bloomberg analyst Eric Balchunas, there are now over 155 crypto ETP filings covering 35 different digital assets. He expects this number could exceed 200 within the next year, signaling what he described as a “total land rush.”

Regulatory Optimism Sparks ETF Boom

Last month, the SEC introduced providing clear guidelines for crypto ETF submissions. If an application meets these criteria, it can bypass the traditionally lengthy 19b-4 approval process. This streamlined framework has encouraged asset managers to submit a record number of filings this year.

Besides Bitcoin and Ethereum, the big winner among altcoins appears to be. The token has seen 23 ETF applications matching Bitcoin in volume and surpassing other major cryptocurrencies like XRP, Cardano, and Dogecoin.

According to The Future Of Money data, pending SEC approvals could soon include altcoin ETFs for LTC, SOL, XRP, ADA, DOGE, and HBAR, with review deadlines between October 2 and 26. These developments reflect a growing appetite among institutional investors to gain exposure to a diversified crypto portfolio.

Solana Price Outlook and Market Catalysts

Despite the regulatory excitement, price has struggled in recent days. SOL trades at , down 4.64% in 24 hours and over 8% in the past week. However, traders believe a rebound may be imminent. Matthew Dixon, a market analyst, noted that SOL recently bounced from a local low of $172, showing the start of an impulsive upward move.

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According to his analysis, the correction phase appears complete, and bullish momentum could soon resume. Key resistance levels stand at $196.7, $203, and $211.5, with a potential target near $235 if momentum accelerates. Additionally, macro events such as the upcoming interest rate decision, government funding progress, and ETF approvals could act as major catalysts for Solanas next leg higher.