Solana has been part of the club of leading blockchains in the world for several years. It is known for its high speed, low fees, and active DeFi and NFT ecosystem. In certain areas, it has even surpassed Ethereum in daily activity, making it a major contender for the role of 'network #3' in the crypto world.
Today, Solana is once again in the spotlight: Galaxy Digital acquired SOL tokens worth $1.57 billion, Bitwise talks about an 'epic surge' by the end of 2025, and the launch of spot ETFs on SOL could be a turning point for the entire ecosystem.
🏛 Solana is entering Wall Street.
Sol Strategies has entered the Nasdaq Global Select Market under the ticker STKE. It is the first company to directly target Solana while gaining access to the largest exchange in the world.
In its balance sheet - about $94 million in SOL tokens. The company aims to become the main institutional provider of infrastructure for the Solana ecosystem.
A symbolic gesture: the trading opening ceremony took place not only in New York but also on the Solana blockchain, emphasizing the synergy between traditional finance and Web3.
In conjunction with investments from DeFi Dev Corp, Ark Invest, and Forward Industries, this move confirms: Solana is no longer limited to the crypto environment - it is entering the world of global finance.
💰 Galaxy Digital - a bet on the long game.
6.5 million SOL were purchased for $1.57 billion with placements in custodial wallets Fireblocks. This is a clear signal: the company is set to hold the asset long-term.
Galaxy has become a key investor in Forward Industries ($1.65 billion), which is building a 'treasury model' for the Solana ecosystem.
Partnership with Phoenix: launching tokenized shares of GLXY on the Solana blockchain, which convey full shareholder rights. This is the first loud example of tokenization of stock securities on the Solana network.
Together with Jump Crypto and Multicoin Capital, Galaxy is effectively forming a financial foundation for institutional use of Solana.
📈 Bitwise: 'the ingredients for an epic surge'
The CIO of the fund, Matthew Hogan, compared the situation with BTC and ETH after the launch of ETFs. When demand exceeded coin issuance, prices skyrocketed.
The current market capitalization of Solana is $116 billion. This is only 5% of Bitcoin and 23% of Ethereum. Even small capital flows can significantly impact the rate.
Key date - October 10, 2025. At that time, the SEC is expected to make decisions on several applications for spot ETFs on SOL (among the applicants: Grayscale, VanEck, Fidelity, Invesco/Galaxy, Franklin Templeton, and Bitwise).
If the ETF is approved, the market could receive billions of dollars in liquidity, which would act as a catalyst for a new growth cycle.
⚠️ Risks and challenges:
The inflation rate of SOL is about 4.3% per year (for comparison: in BTC - 0.8%, in ETH - 0.5%). This creates constant pressure on the price.
Smaller market scale. The market capitalization of SOL ($116 billion) is significantly smaller than Bitcoin ($2.2 trillion) and Ethereum ($500+ billion). This makes the asset more volatile: large purchases or sales can cause sharp fluctuations.
✅ Why the current rally is healthier than previous ones.
The price of Solana has already broken the $250 mark.
The main driver is pure spot demand, not speculation on futures.
Data from CoinGlass and CryptoQuant show: retail is actively buying SOL, while futures traders are behaving cautiously.
Technical indicators confirm: RSI in the overbought zone, but buying volumes (OBV) continue to rise.
This means that the current growth is based on real interest from investors, not on overheated expectations.
🔮 Conclusion:
Solana is currently at a point where three key factors converge:
1. Institutional investments (Galaxy, Ark, Multicoin).
2. Possible launch of ETFs on Solana in the USA.
3. Growth in real blockchain usage (DeFi, tokenization of shares, infrastructure).
If this balance is maintained, 2025 could be the year of a true 'Solana season' - with price growth, institutional adoption, and new business models based on blockchain.
#etf #solana #GalaxyDigital #Bitwise #BSCreator $SOL
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