Progress on SOL ETF:

After the application for the ETF is submitted, the SEC has up to 240 days to make a final decision, so we may see the approval result of Solana ETF before March 2025.

The advantage of SOL is:

The Trump administration will loosen Cryptocurrency regulation

After all, Solana is the darling of the United States.

Disadvantage is:

SOL is too centralized to meet the definition of commodity futures.

Personally, I think the probability of SOL being approved for ETF is low given its current nature.

And, just like ETH, even if it can be passed, the actual funding support may be limited after it is passed.

Of course, before formal approval, there are opportunities for speculative expectations. This usually means Favourable Information.
On-chain data, Solana's overall TVL is second only to the entire network, which is one-eighth of Ethereum's, but the number of active addresses is the highest in the entire network, which is 11 times that of Ethereum. The 24-hour volume is almost the same as Ethereum, with little difference.

Although the recent ethRebound has been strong in the past few days, in this round of Bull Market, I think sol has a good chance to break through 1000. But it's really hard to say for eth.