Solana’s Struggle: Institutional Uncertainty Weighing Down Price

Solana (SOL) faces an uphill battle, hampered by a lack of significant institutional investment and the looming delay in regulatory approvals for spot exchange-traded funds (ETFs). Despite gains across other cryptocurrencies as Bitcoin surged past $106,000, SOL’s inability to capitalize on this momentum has sparked concerns. The SEC’s postponement of its ruling on Solana ETF applications by 21Shares and Bitwise further exacerbates the situation, limiting investor interest in SOL.