Solana Shrugs at SEC Nod, Prices Keep Diving 📉🤑

Well, isn’t this just a bucket of crypto cheer? 🎉 Fidelity’s big, bold move to file for a Solana ETF has been given the regulatory nod by the SEC, and what does Solana’s price do? It gives us a shoulder shrug �� casual as a cat in the sun and keeps tumbling down like my attempts at a juice cleanse. 🍊💥

Fidelity, the financial giant with enough assets under management to make a dragon jealous (that’s $4.9 trillion, in case you were wondering), decided to throw its hat into the Solana ring last March. And what happened? Nada in the price department. It’s like announcing a sale at a chocolate shop and no one’s buying. 🤷‍♀️🍫

But hold your crypto horses! Fidelity isn’t the only one trying to saddle up the Solana ETF rodeo. Grayscale, 21Shares, and Canary Capital are all in the mix, with their filings also getting a SEC side-eye. It’s like a high-stakes game of musical chairs, but with more blockchain and less dancing. 🕺💃

Despite the crypto drama, the market’s mood is as mixed as a bag of trail mix – some nuts, some raisins, and a whole lot of ‘what’s going on?’. 🥜🍇👀

Over at Polymarket, the betting bunch is putting their crypto where their mouth is, giving Solana an 83% chance of snagging that ETF approval before the ball drops on New Year’s Eve. That’s some serious faith in the face of regulatory red tape and price plunges. 🎆🤞

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2025-04-04 09:11