ETF analyst Eric Balchunas says REX Shares’ latest Solana staking ETF filing with the SEC suggests the product is ready launch any day now. ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC). “Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,” ETF analyst Eric Balchunas said in an X post on Friday. ETF Store president Nate Geraci said in an X post on the same day that it looks like the SEC are open to REX Shares incredibly rare c-corp business structure used in the fund, which the SEC previously argued conflicts with the 6C-11 rule, also known as “the ETF rule.” Read more
Solana increased its DEX market share and moved ahead of Ethereum, but will SOL price follow anytime soon? Key takeaways: Solana's DEX volume surpassed Ethereum’s, but overall activity remains far below the levels seen in January. Hyperliquid's dominance in perpetual futures trading weakens investors’ confidence in Solana’s long-term lead. Read more
Invesco and Galaxy Digital have filed the initial documents to launch a spot Solana ETF, making the ninth similar entry to be put before US regulators. Update (June 26, 1:26 am UTC): This article has been updated to add information from Invesco’s filing and analyst commentary. The US could get nine Solana exchange-traded funds if regulators approve, as asset manager Invesco joined the group of firms looking to push exchange-traded products beyond Bitcoin and Ethereum. In a regulatory filing on Wednesday, Invesco and Galaxy Digital put forward the Invesco Galaxy Solana ETF, which aims to track the spot price of Solana (SOL), currently the sixth-largest cryptocurrency by market cap. Read more
Pump.fun ban and increasing geopolitical risks in the Middle East are helping drive down Solana price today. Key takeaways: Solana dropped over 4.5% after X banned Pump.fun and related memecoin accounts, weakening retail momentum. The escalating Israel-Iran conflict and Trump’s G7 remarks triggered a broader flight from risk assets. Read more
To stake Solana (SOL) in 2025, use a compatible wallet like Phantom, choose a validator, and delegate your SOL in just a few clicks. Staking Solana allows you to earn passive income through staking rewards while participating in network governance. There is no minimum requirement for staking Solana, but the practical minimum is around 0.01 SOL. All you need to start staking Solana is a SOL-compatible wallet. Read more
ETF analyst James Seyffart said all of the updated S-1 filings "include staking language I believe." Seven Solana ETF applicants filed S-1 statements with the US Securities and Exchange Commission (SEC) on June 13; however, Bloomberg ETF analyst James Seyffart doubts approval will come as soon as next week. “I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it. If anyone remembers the Bitcoin ETF launch, there were *A LOT* of filings over the preceding couple months before launch,” Seyffart said in a post on Friday. US-based spot Bitcoin ETFs launched in January 2024, more than ten years after crypto exchange Gemini co-founders Tyler and Cameron Winklevoss filed the first spot Bitcoin ETF application with the SEC in 2013. On June 13, Fidelity Investments filed its initial S-1 registration statement for its spot Solana (SOL) ETF product, while 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital filed S-1 amendments. Read...
Surging onchain activity, rising spot Solana ETF approval chances and derivatives metrics suggest that SOL’s bullish price momentum could continue toward $300. Key takeaways: SOL futures open interest is up 12%, signaling strong institutional interest. Spot Solana ETF approval odds jump to 91% on Polymarket. Read more
Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems. Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users. According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previously been available only on the Ethereum blockchain. Maple’s Solana integration is launching with $30 million in liquidity, which the company says will establish “a deep and stable foundation for lending, trading, and collateral provisioning” in the ecosystem. Read more