3 reactions
Solana Heats Up with Institutional Inflows, Liquid Staking ETF Launch, and Bullish Technicals
1. Market Snapshot & Price Drivers
• SOL is currently trading around $173.5 , showing mild upside momentum with a +5.9% gain over 24 hours.
• A massive Pump.fun ICO recently sold out with nearly $500 million in demand, demonstrating confidence in Solana’s scalability and ecosystem.
2. Institutional & Ecosystem Highlights
• BIT Mining Ltd. , a former mining-centric firm, announced plans to raise $200–300 million to amass and treasury SOL, doubling its U.S. share price on the news — signaling institutional conviction in Solana’s growth .
• A Solana liquid staking token (LsSOL) has launched with support from Coinbase, Kraken, Galaxy, Anchorage, and Fireblocks. Approximately $9.4 billion TVL is now staked via liquid staking methods, reflecting rising demand from institutional investors and market-ready infrastructure.
• The REX-Osprey Sol + Staking ETF (SSK) debuted on the Cboe BZX, offering U.S. investors staking-based SOL exposure — raising ~$12 million on day one while charging 1.4% annual fees.
More at: https://onthenode.com/cryptocurrency/solana-heats-up-with-institutional-inflows-liquid-staking-etf-launch-and-bullish-technicals
1. Market Snapshot & Price Drivers
• SOL is currently trading around $173.5 , showing mild upside momentum with a +5.9% gain over 24 hours.
• A massive Pump.fun ICO recently sold out with nearly $500 million in demand, demonstrating confidence in Solana’s scalability and ecosystem.
2. Institutional & Ecosystem Highlights
• BIT Mining Ltd. , a former mining-centric firm, announced plans to raise $200–300 million to amass and treasury SOL, doubling its U.S. share price on the news — signaling institutional conviction in Solana’s growth .
• A Solana liquid staking token (LsSOL) has launched with support from Coinbase, Kraken, Galaxy, Anchorage, and Fireblocks. Approximately $9.4 billion TVL is now staked via liquid staking methods, reflecting rising demand from institutional investors and market-ready infrastructure.
• The REX-Osprey Sol + Staking ETF (SSK) debuted on the Cboe BZX, offering U.S. investors staking-based SOL exposure — raising ~$12 million on day one while charging 1.4% annual fees.
More at: https://onthenode.com/cryptocurrency/solana-heats-up-with-institutional-inflows-liquid-staking-etf-launch-and-bullish-technicals
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