Solana's spot ETFs in the U.S. have exceeded $1 billion in assets under management within seven months, signaling strong institutional interest with nearly half of the holdings by institutional accounts. This shift marks Solana's transition from a retail-focused asset to a regulated investment vehicle favored by professional managers. Additionally, Solana's network is experiencing explosive growth in tokenized real-world assets, increasing from $215 million to $2.5 billion in total value locked over the past year, driven by tokenized Treasuries and credit products. Regulatory clarity, such as the SEC's classification of Solana as a digital commodity and upcoming policy decisions, alongside potential major ETF launches like from BlackRock, could further boost institutional participation and solidify Solana's role as a high-throughput execution layer in blockchain finance.
The SEC has approved the T. Rowe Price Active Crypto ETF, allowing it to list and trade shares with an active strategy investing in 5 to 15 eligible cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The fund can also use USD...
Solana's price increased by 3.38% to $67.73, extending weekly gains above 4%, driven by renewed bullish momentum. This rise coincides with the launch of SPCX, a tokenized SpaceX share product on Solana, allowing users to trade and redeem tokenized sh...
Bitcoin and Ethereum posted solid daily gains, with Bitcoin up 2.21% to $64,054.40 and Ethereum rising 2.57% to $1,684.08. This rally is driven by increased dominance of these large-cap cryptocurrencies, signaling investor preference for quality and ...
In June, Solana's price dropped by more than 20%, falling faster than Ethereum's 17% decline, reaching its lowest level in over two years. Despite this, institutional interest remains somewhat stable, with Solana's ETF and futures markets showing res...
Japanese energy consulting firm Remixpoint has shifted its business model to focus heavily on cryptocurrency treasury management, holding over 1,491 BTC and 1.2 million XRP among other altcoins. The company expects its digital asset segment revenue t...
