Here\u2019s a list of the people who think a Solana ETF is incoming: everyone.<\/p>\n
And here\u2019s a list of the people who think a $SOL ETF could send Solana \u2013 and Solaxy, a much-needed Solana Layer 2 \u2013 sky-high: also everyone.<\/p>\n
That\u2019s right, Solana is gaining serious momentum.<\/p>\n
Cantor Fitzgerald\u2019s analysts report that Solana-focused firms DeFi Development, Upexi<\/a>, and SOL Strategies will raise each raise $250M this year for various crypto-related efforts, including $SOL treasuries.<\/p>\n Both the pending $SOL ETFs and current treasury efforts underscore SOL\u2019s strengths: a unified, low\u2011cost, and high\u2011throughput blockchain that enables native staking yields and positions it as an attractive treasury asset.<\/p>\n And how does this impact side projects like Solaxy, Solana\u2019s first-ever Layer-2 chain? Let\u2019s discuss below.<\/p>\n Solana\u2019s Total Value Locked (TVL) now exceeds $8B<\/a>, and it maintains a vibrant developer base. Today\u2019s treasury strategies are shifting accordingly, favoring scalable, productive blockchains alongside traditional reserve assets like Bitcoin.<\/p>\n Simultaneously, CoinShares joined other financial heavyweights in filing for a spot Solana ETF, featuring staking components and third-party custody via Coinbase and BitGo.<\/p>\n The filing aims to address SEC concerns about redemption and staking<\/a>. While there\u2019s no timeline on the SEC\u2019s response and potential approval, analysts anticipate potential approvals in late summer or early fall 2025.<\/p>\n It\u2019s worth noting that CoinShares\u2019s filing was one of 8 on the same day for new $SOL ETFs.<\/p>\n Why the rush? In part because Solana is enjoying steadily growing adoption, despite relatively lackluster $SOL price performance.<\/p>\n As the drumbeat of Michael Saylor\u2019s Bitcoin strategy goes on, companies beyond (Micro)Strategy are joining the bandwagon. After all, who doesn\u2019t want their very own pile of crypto?<\/p>\n\n And in this case, companies are applying it to $SOL as well.<\/p>\n DeFi Development Corp notified the SEC back in April that it intended to sell $1B in securities to purchase $SOL<\/a>. SOL Strategies, based in Canada, did the same in late May.<\/a><\/p>\n What does this mean for investors? At least three possibilities:<\/p>\n SOL could be moving into the mainstream, attracting attention as a yield-generating asset thanks to its staking model and institutional embrace.<\/p>\n Approval of spot $SOL ETFs would dramatically lower barriers to $SOL exposure through traditional brokerage venues.<\/p>\n Continued technological adoption and treasury-level interest could propel SOL further, though regulatory black swans<\/a> and market volatility remain risks.<\/p>\n Solana stands at a pivotal junction, even as $SOL treasuries take off and Solana meme coins<\/a> continue to get attention.<\/p>\n And the core Solana technical advantages \u2013 low fees, fast transactions \u2013 will get supercharged as Solaxy wraps up a dynamite presale.<\/p>\n $53.9M raised in its official presale \u2013 but with interest still sky-high, Solaxy ($SOLX) has opened a six-day window for investors to join the action.<\/p>\n Solana loyalists and meme coin enthusiasts, drawn by Solaxy\u2019s potential as the first-ever Solana Layer 2, have added another $2M after the presale ended on Monday. That potential is taking shape with the Testnet Block Explorer<\/a> and Bridge<\/a> already live.<\/p>\n The full launch schedule kicks in with the Token Claim on June 23, then builds out with a Mainnet Launch and bridge connecting Solana, Ethereum, and Solaxy.<\/p>\n Multichain functionality is built into Solaxy from launch, with full Layer 2 deployment as the crowning achievement of a red-hot crypto presale<\/a>.<\/p>\n\n With Solana interest peaking at just the right time, how far could Solaxy go? Our own price prediction<\/a> shows the token could reach $0.032, up 1,700% from its current $0.001766.<\/p>\n What is Solaxy? It\u2019s the future of an already dynamic blockchain, combining Solana\u2019s speed and low costs with Ethereum\u2019s rock-solid framework and incredible ability to scale. Learn how to buy Solaxy<\/a>, but don\u2019t delay \u2013 this truly is the last chance to buy.<\/p>\nSolana\u2019s TVL Climbs as ETFs Loom<\/h2>\n
Strategy\u2019s Treasury Strategy Expands to Solana<\/h2>\n
Solaxy ($SOLX) \u2013 $54M Raised as Time Runs Out for Groundbreak Layer-2 Presale<\/h2>\n