Solana Price Set To Explode As ETFs Approved, Poodlana Approaches $6M

• Brazil has approved a Solana ETF, paving the way for upside action for the Solana price.
• Poodlana has now raised $5.8 million as the “the biggest Solana listing of the year” draws near.

Brazil’s Securities and Exchange Commission, the CVM, has approved filings by asset manager QR Asset for a Solana ETF, setting the stage for a Solana price explosion.

In the wake of the news, SOL meme coin Poodlana powered to a total raise of over $5.8 million as it enters the final week of its presale. With new institutional investors now ready to pour into the Solana ecosystem, Poodlana is set to surge along with the Solana price when it lists on Solana’s premier DEX, Raydium, on 16th August at 12 p.m. UTC.

Solana for all

The hugely bullish news from Brazil today means that South American and European investors now have access to institutional Solana products: Switzerland’s 21Shares previously launched an exchange-traded product for the EU market.

The Solana price is sure to react, as ETFs mark a major step-up in perceived legitimacy for cryptocurrencies—indeed, the US SEC’s approval of Bitcoin ETFs in January was arguably the catalyst for the current crypto bull run.

And Brazil’s approval may portend Solana ETFs reaching US customers—the jackpot for Solana bulls. Both Bitcoin and Ethereum ETFs were approved in 2021 and 2022 respectively by Brazil’s B3 stock exchange, both of which welcomed American counterparts this year.

US asset manager VanEck, who already have a Bitcoin product listed in the US, filed an application for Solana ETF this July, and if Brazil’s track record as a trailblazer holds up here, this could very well become a reality as soon as 2025—a feat that would add some serious rocket fuel to the Solana price, and the value of all tokens within the Solana ecosystem.

Poodlana looks to break records

Poodlana apparently didn’t even need today’s news. its presale has floored investors around the world with its incredible performance—day one saw $1 million raised—and bulls are now eyeing next Friday, 16th August, when POODL begins trading publicly for the first time on Raydium.

And there’s plenty more good news on the horizon for Poodlana, setting it up for what Bitcoinist has called “the biggest Solana listing of the year”. Poodlana has confirmed that not one, but two major CEX listings will follow its Raydium debut, providing a major source of bullishness post-launch, sure to fire up the market even more.

Another reason price performance will likely be strong from the minute public trading begins is Poodlana’s lack of a vesting schedule, meaning all tokens will be available instantly—and Raydium trading begins just one hour after the presale ends. This means that all of the blazing momentum accumulated during the 30-day presale will likely be transferred straight onto the open market.

How to buy Poodlana

There is just one week remaining to buy Poodlana at a guaranteed price, before the presale ends at 12 p.m. UTC on 16th August. Currently at $0.046, POODL increases in price every 72 hours until the presale ends, meaning time is of the essence for gem hunters wanting to get the best possible entry price before it lists on Raydium at $0.06.

With the Solana price ready to explode with the new ETF news, and Poodlana’s mystery CEX listings rumored to involve Binance, now could be the last opportunity to scoop up a POODL stack at an affordable price—don’t miss the Poodlana party.

Head over to the official Poodlana website to buy POODL tokens and learn more.