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Hereโs a list of the people who think a Solana ETF is incoming: everyone.
And hereโs a list of the people who think a $SOL ETF could send Solana โ and Solaxy, a much-needed Solana Layer 2 โ sky-high: also everyone.
Thatโs right, Solana is gaining serious momentum.
Both the pending $SOL ETFs and current treasury efforts underscore SOLโs strengths: a unified, lowโcost, and highโthroughput blockchain that enables native staking yields and positions it as an attractive treasury asset.
And how does this impact side projects like Solaxy, Solanaโs first-ever Layer-2 chain? Letโs discuss below.
Solanaโs TVL Climbs as ETFs Loom
Solanaโs Total Value Locked (TVL) now exceeds $8B, and it maintains a vibrant developer base. Todayโs 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 thereโs no timeline on the SECโs response and potential approval, analysts anticipate potential approvals in late summer or early fall 2025.
Itโs worth noting that CoinSharesโs 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.
Strategyโs Treasury Strategy Expands to Solana
As the drumbeat of Michael Saylorโs Bitcoin strategy goes on, companies beyond (Micro)Strategy are joining the bandwagon. After all, who doesnโt 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:
โฌ๏ธ SOL could be moving into the mainstream, attracting attention as a yield-generating asset thanks to its staking model and institutional embrace.
โ Approval of spot $SOL ETFs would dramatically lower barriers to $SOL exposure through traditional brokerage venues.
๐Continued 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 $SOL treasuries take off and Solana meme coins continue to get attention.
And the core Solana technical advantages โ low fees, fast transactions โ will get supercharged as Solaxy wraps up a dynamite presale.
Solaxy ($SOLX) โ $54M Raised as Time Runs Out for Groundbreak Layer-2 Presale
$53.9M raised in its official presale โ but with interest still sky-high, Solaxy ($SOLX) has opened a six-day window for investors to join the action.
Solana loyalists and meme coin enthusiasts, drawn by Solaxyโs 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? Itโs the future of an already dynamic blockchain, combining Solanaโs speed and low costs with Ethereumโs rock-solid framework and incredible ability to scale. Learn how to buy Solaxy, but donโt delay โ this truly is the last chance to buy.
Visit the Solaxy Presale Page.
Solana Climbs Adoption Ladder โ Will Solaxy Price Follow?
Curiously, Solanaโs price seems to lag its adoption. Even as institutions flock to $SOL treasuries and ETFs, the token price lags far behind $BTCโs impressive performance.
Will Solaxyโs Layer 2 send both $SOLX and $SOL surging?
Do your own research. This isnโt financial advice โ crypto markets are always volatile.


