Solana (SOL) is surging towards a new all-time high as the prospect of an ETF approval gains traction. This momentum stems from seven leading asset managers resubmitting their applications for SEC approval, signaling increasing regulatory confidence in the cryptocurrency. These firms include Grayscale, Fidelity, VanEck, and others, with key improvements like staking integration and enhanced custody services being highlighted in the resubmitted applications. Analysts now estimate a 95% likelihood of approval, fueling bullish sentiment among traders. While price briefly dipped following the news, it quickly recovered as on-chain metrics such as weekly transactions surged over 21% and institutional investors accumulated discounted SOL at strategic price levels. This surge could attract billions in inflows, potentially propelling Solana’s price towards $350 by the coming quarters.