According to the source, SOL’s path toward $300 hinges on two verifiable catalysts—formal ETF filings and documented corporate treasury purchases—which are not substantiated by the post alone (Source: X post dated Sep 21, 2025). Traders should confirm any Solana ETF progress solely via the U.S. SEC’s EDGAR system for 19b-4 rule filings and S-1 registrations before positioning on ETF headlines (Source: U.S. SEC EDGAR). Evidence of corporate treasury accumulation must appear in 8-K, 10-Q, or 10-K disclosures, with crypto assets measured at fair value under ASU 2023-08 for fiscal years beginning after Dec 15, 2024 (Source: SEC EDGAR; FASB ASU 2023-08). For trade confirmation, monitor SOL liquidity, funding, and open interest on major derivatives venues and track on-chain stablecoin inflows, DEX volume, and active addresses while focusing on the psychological $300 level and the prior cycle high near $259 from Nov 2021 for resistance and breakout validation (Source: TradingView price history; Artemis/DefiLlama on-chain analytics).

According to Eric Balchunas, Fidelity recently presented a targeted pitch to corporate CEOs emphasizing Bitcoin's value proposition using institutional language and referencing the well-known chart showing the dollar's declining purchasing power (source: Eric Balchunas on Twitter, May 8, 2025). This presentation is designed to appeal to institutional investors by framing Bitcoin as a hedge against fiat currency erosion, a narrative that has proven influential among corporate treasuries. The direct institutional approach from a major financial entity like Fidelity is likely to boost credibility and could drive further institutional inflows into Bitcoin and the broader crypto market, supporting bullish trading sentiment.