None
EN
Down 14% in 1 Week, Is Solana Still a Buy?
['Alex Carchidi']
The Motley Fool
The recent punishing slide in the coin's price doesn't mean that the sky is falling.
The U.S. Securities and Exchange Commission (SEC) just streamlined its process for deciding on whether to approve spot crypto ETFs.
Although the timing of an approval is never guaranteed, a clearer path to Solana ETFs exists than a few months ago, and the SEC will weigh in on the issue in early October.
ETF arrivals would create a new onramp for capital, which could also help boost the coin's price.
In light of all of this, it would be best to treat the recent price slip as noise.