Here’s a list of the people who think a Solana ETF is incoming: everyone.
And here’s a list of the people who think a $SOL ETF could send Solana – and Solaxy, a much-needed Solana Layer 2 – sky-high: also everyone.
That’s right, Solana is gaining serious momentum.
Cantor Fitzgerald’s analysts report that Solana-focused firms DeFi Development, Upexi, and SOL Strategies will raise each raise $250M this year for various crypto-related efforts, including $SOL treasuries.
Both the pending $SOL ETFs and current treasury efforts underscore SOL’s strengths: a unified, low‑cost, and high‑throughput blockchain that enables native staking yields and positions it as an attractive treasury asset.
And how does this impact side projects like Solaxy, Solana’s first-ever Layer-2 chain? Let’s discuss below.
Solana’s TVL Climbs as ETFs Loom
Solana’s Total Value Locked (TVL) now exceeds $8B, and it maintains a vibrant developer base. Today’s treasury strategies are shifting accordingly, favoring scalable, productive blockchains alongside traditional reserve assets like Bitcoin.
Simultaneously, CoinShares joined other financial heavyweights in filing for a spot Solana ETF, featuring staking components and third-party custody via Coinbase and BitGo.
The filing aims to address SEC concerns about redemption and staking. While there’s no timeline on the SEC’s response and potential approval, analysts anticipate potential approvals in late summer or early fall 2025.
It’s worth noting that CoinShares’s filing was one of 8 on the same day for new $SOL ETFs.
Why the rush? In part because Solana is enjoying steadily growing adoption, despite relatively lackluster $SOL price performance.
Strategy’s Treasury Strategy Expands to Solana
As the drumbeat of Michael Saylor’s Bitcoin strategy goes on, companies beyond (Micro)Strategy are joining the bandwagon. After all, who doesn’t want their very own pile of crypto?
And in this case, companies are applying it to $SOL as well.
DeFi Development Corp notified the SEC back in April that it intended to sell $1B in securities to purchase $SOL. SOL Strategies, based in Canada, did the same in late May.
What does this mean for investors? At least three possibilities:
SOL could be moving into the mainstream, attracting attention as a yield-generating asset thanks to its staking model and institutional embrace.
Approval of spot $SOL ETFs would dramatically lower barriers to $SOL exposure through traditional brokerage venues.
Continued technological adoption and treasury-level interest could propel SOL further, though regulatory black swans and market volatility remain risks.
Solana stands at a pivotal junction, even as $SOL treasuries take off and Solana meme coins continue to get attention.
And the core Solana technical advantages – low fees, fast transactions – will get supercharged as Solaxy wraps up a dynamite presale.
Solaxy ($SOLX) – $54M Raised as Time Runs Out for Groundbreak Layer-2 Presale
$53.9M raised in its official presale – but with interest still sky-high, Solaxy ($SOLX) has opened a six-day window for investors to join the action.
Solana loyalists and meme coin enthusiasts, drawn by Solaxy’s 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 and Bridge already live.
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.
Multichain functionality is built into Solaxy from launch, with full Layer 2 deployment as the crowning achievement of a red-hot crypto presale.
With Solana interest peaking at just the right time, how far could Solaxy go? Our own price prediction shows the token could reach $0.032, up 1,700% from its current $0.001766.
What is Solaxy? It’s the future of an already dynamic blockchain, combining Solana’s speed and low costs with Ethereum’s rock-solid framework and incredible ability to scale. Learn how to buy Solaxy, but don’t delay – this truly is the last chance to buy.
Visit the Solaxy Presale Page.
Solana Climbs Adoption Ladder – Will Solaxy Price Follow?
Curiously, Solana’s price seems to lag its adoption. Even as institutions flock to $SOL treasuries and ETFs, the token price lags far behind $BTC’s impressive performance.
Will Solaxy’s Layer 2 send both $SOLX and $SOL surging?
Do your own research. This isn’t financial advice – crypto markets are always volatile.
