SEC Hints at July Solana ETF Refiles — $SNORTER Attracts $1.6M in Fresh Interest

We could see additional Solana ETFs as early as October in the US as the country’s Securities and Exchange Commission (SEC) gave potential issuers until the end of July to respond to comments and re-file S-1 documents.

This comes after the approval of REX-Osprey’s Solana ETF with staking (SSK) application last week, which began trading on July 2.

Solana ($SOL) will be the biggest winner once the applications are approved. The Snorter Token ($SNORT) is also set to benefit from this, further adding to the $1.6M it has raised so far.

Nine New Solana ETFs Coming Soon?

According to a report via Yahoo! Finance, the SEC could approve pending Solana ETF applications earlier than the October 10 deadline. At the moment, at least nine other applications are being reviewed by the SEC.

SSK, which sent its application in May, already received approval earlier this month. This allowed it to start trading at the Cboe Exchange on July 2.

REX-Osprey’s ETF gives investors direct exposure to $SOL and the opportunity to stake and earn passive rewards.

Increased attention from institutional investors will be a huge boost for $SOL, which has struggled to break past $200 since March this year. It’s currently trading at $150.71 and has been down by 0.83% in the last 24 hours.

Solana’s Win Is a Major Boost for $SNORT Too

Solana’s gain with the addition of more ETFs will also be a win for other projects on the chain, like Snorter Token ($SNORT).

As the unofficial home of meme coins, Solana has seen the launch of new projects explode during the past several years. However, it’s still difficult to find promising ones before they go mainstream.

This is what the Snorter Token project aims to solve. The project team is currently developing its Snorter Bot, a Telegram-native trading bot that lets you do practically all of your trading within the messaging app.

With the bot, you can manage your portfolio, snipe the latest tokens on Solana, and copy top traders. Its rugpull and honeypot detection features will also protect you from potential risks while you’re looking for the next big meme coin.

The sniping bot combines blacklist scans, mint trap detection, and freeze alerts to keep you away from bad actors and shady tokens, which are all too common with new market coins.

Speaking of new market coins, $SNORT, the bot’s utility token, is available via its official presale page. You can readily buy it using either Ethereum, Solana, or stablecoins. Simply connect your crypto wallet (e.g., Best Wallet) to the presale widget, enter the number of tokens to buy, and confirm your transaction.

$SNORT is very affordable at only $0.0975 each. This low barrier of entry has allowed the project to raise over $1.6M since the presale began.

Of course, you can stake your tokens too at a reward rate of 222% p.a. This is best if you want to earn passive rewards from your purchase while supporting the project.

A New High for Solana on the Horizon?

As institutional investors flock to Solana for fresh opportunities, we can expect $SOL’s price to pump up beyond its current sub-$200 value.

At the moment, everyone’s eagerly awaiting potential issuers to re-file their applications and the SEC’s response in the coming weeks.

If you’re looking for similar Solana growth opportunities as a small retail investor, then Snorter Token ($SNORT) is the right tool for the job.

But before you invest, be sure to do your research first. This is not financial advice.