Recent Highlights

1. SOL ETFs Gain Regulatory Momentum

On June 13, 2025, companies like Canary Marinade, 21Shares, and Bitwise submitted revised versions of their Solana ETF applications to the SEC, addressing regulatory questions. There is still no urgency from the SEC to approve these funds.

2. Institutional Adoption and Tokenization via R3

Major banks — HSBC, Bank of America, Euroclear, and the Monetary Authority of Singapore — have partnered with the Solana Foundation and R3 to integrate Solana into their platforms, aiming to tokenize stocks and bonds. Solana positions itself as a scalable alternative to Ethereum.

3. Canada Moves Forward with Spot ETFs

Canada has approved the first spot Solana ETFs — issued by Purpose, Evolve, CI, and 3iQ — starting April 16, 2025, with staking included, attracting investors seeking passive income.

Upcoming Events

• Possible approval in the U.S. of ETFs after recent revisions (Canary, 21Shares, Bitwise).

• Institutional expansion: Solana solidifies as a tokenization platform for major banks via R3.

• New network features: implementations in privacy (confidential transfers), more CUs per block, and infrastructure improvements.

• Events and conferences on progress in network integrations like Fire Dancer, Agave, and advancements in RPS 2.0.