Will Galaxy Digital Push SEC Solana ETF Approval? Market Eyes 5 Signs

The crypto world is very excited this week because the Galaxy Digital Solana movement has made enough noise to grab trader’s attention. Yes, one of the biggest crypto companies, moved 250,000 SOL (worth more than $50 million) to Binance.

Source: Coin Bureau X Account

The timing is very interesting, does this mean a Solana ETF Approval is coming soon or maybe tomorrow? Let’s connect the dots.

Galaxy Digital $SOL $50M Deposit: Sell Signal or Strategic Play?

Galaxy Digital moved a huge amount of this altcoin to Binance just an hour ago. Big transfers like this make people ask: is it for selling, hedging, or adjusting portfolios for Q4?

“Experts say that big companies like this don’t always move coins to sell them. Exchanges give them flexibility, so they can stake, rotate liquidity, or manage their treasury.”

But with current market volatility, traders are watching closely to see if it aligns with Solana ETF approval tomorrow or just a casual token movement.

Why is the Solana ETF Approval Maybe Near? Oct 16 Potential Date

There are several reasons why these listed funds might be near and what factors might affect its price:

• Institutional Portfolio Rebalancing: Big companies like Galaxy are already moving large amounts of these altcoins, showing they are preparing for the upcoming Solana ETF news .

• VanEck Ezchange Traded Funds Filing Updated: The fee changed to 0.30%.

• Top Analysts Giving Hints: Experts, like Ted Pillows , said the ETF SOL SEC deadline might approach this Thursday October 16, making traders very excited.

• Price Momentum: Price surged around 5%, currently standing at $203, showing good recovery just before the SEC decision.

• Solana ETF Inflows: The asset got the most stablecoin inflows in 24 hours among all blockchains, with total supply above $13 billion.

All these things together suggest that Solana ETF Approval could be closer than anyone thinks.

Technical Snapshot: What the Chart Indicator Says

Right now, the asset is trading at $204.13, up 5.32% in the last 24 hours, though volume is slightly down 18.75%.

• Trend: After a sharp drop on October 11, it made a V-shaped recovery and is now above $200 with higher lows, which is a good sign.

• Momentum Indicators: RSI is around 57, meaning there is still room to go up. MACD is slightly positive, but not very strong yet.

• Key Levels to watch:

• Support: $195 - Token must stay above this to stay strong.

• Resistance: $215 - It has faced resistance here before; breaking it could lead to a strong rise, especially if the $SOL update comes soon.

What Will Be $SOL Price Impact After Galaxy Movement

Because of these major moves going around the market today,  token's price surge has two possible paths:

• If SEC SOL ETF Gets Approved: The token might $215 and move to $230–$240, and with strong momentum, it could even reach $250–$270. Big investors and retail buyers could push it higher.

• If the Securities Exchange Commission delays or denies: Price prediction could fall back to $190, and losing this level might open the way to $180–$185, with a worst-case drop to $170.

These levels are important to see how the top surging altcoin will move and what the exchange traded funds price impact might be.

Bottom Line: Eyes on SOL ETF Decision and Institutional Moves

Galaxy Digital’s $50M SOL deposit, VanEck’s listed funds fee change, and “Big Week” all point to a very important moment for the altcoin. For investors, knowing these binary triggers is key.

The next few hours could decide its Q4 performance. The crypto world is waiting: Solana exchange traded funds approval or delay — which way will the asset go? This could be one of the most watched SEC decisions ever.