Introduction
For once, it seems the SEC isn’t ghosting the crypto world. In fact, it’s doing quite the opposite — calling for revised S-1 filings from issuers looking to launch spot Solana ETFs. That’s right. The U.S. regulator is nudging applicants to send in fresh paperwork by mid-June 2025. That’s not a rejection. That’s progress. Maybe even foreplay.
And it’s not just paper-pushing optimism. Bloomberg analysts, notorious for their measured predictions, now peg the odds of a Solana ETF approval at 90%. Not 30%. Not 50%. Ninety. As in, “get your suit ready for the approval party” levels of confidence.
Some applicants are even daring enough to include staking language in their filings — though Bloomberg’s James Seyffart gently reminds us, “Could happen. Might not. I don’t own a crystal ball.” Fair.
Meanwhile, in Wallet Wonderland…
While everyone’s focused on paperwork, some heavy hitters are quietly moving big bags of SOL. One recent transfer caught everyone’s eye: a tidy sum of 252,847 SOL (worth nearly $40 million) was shuffled from Coinbase Prime to cold storage on FTX.
Now, that’s not your average retail flex. That’s institutional energy — either prepping for ETF custody, reorganizing for regulatory clarity, or just flexing how cool cold wallets still are.
Pair that with Solana’s steady inflows and low stablecoin outflows, and we’re looking at a chain that’s not just alive — it’s in training mode.
The Numbers Game: Solana Got Some Muscle
Let’s talk performance. Solana isn’t just coasting on hype anymore — it’s showing real backbone. Over the past day, it topped the charts in net bridged inflows ($2.5M+) and ranked third in network fees, just behind Tron and Hyperliquid.
And speaking of real use cases, Solana’s total value locked (TVL) now stands at $8.8 billion — numbers that whisper, “ETF me, bro,” to regulators and institutions alike.
While stablecoin supply did see a minor dip, it’s hardly a panic trigger. In fact, the rotation appears healthy — a subtle signal that traders are managing exposure, not fleeing the chain.
Solana: From Underdog to ETF MVP?
Remember when Solana was dismissed as “Ethereum with a caffeine addiction”? Yeah, those days are long gone. Now it’s building a compelling case — not with hype, but with usage, liquidity, and enough institutional flirtation to make Wall Street raise an eyebrow.
With network activity spiking and regulatory signals flashing green-ish, Solana might just be the next token to snag an ETF listing. If the approvals land, expect SOL to graduate from “fast L1 chain” to full-blown mainstream asset class.
Bottom line? Solana isn’t just playing catch-up anymore. It’s leading the warm-up lap — and it’s got ETF on its vision board.
