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Bitwise, VanEck, 21Shares and Canary Capital have also recently submitted their S-1 registration statements to list a spot Solana ETF in the US.
Solana (SOL) volume has risen to a three-month high of $8.33 billion following reports that Donald Trump is set to be announced the winner of the November 5 US presidential elections. This development also comes with a notable 11% price increase for the altcoin within the last 24 hours.
Shiba Inu (SHIB) has experienced a notable price surge since mid-September, steadily climbing to a 9-month high.
While the meme coin has largely stayed under the radar, various factors are now placing it in the spotlight. The backing of long-term holders (LTHs) is fueling SHIB’s momentum.