$SOL $SOL

1. Approval Delay for Exchange-Traded Funds

The U.S. Securities and Exchange Commission (SEC) is drafting rules to replace the approval process for exchange-traded funds 19b-4 with standardized criteria (market capitalization, decentralization), aiming to approve Solana ETFs by September 2025 (SEC). While Fidelity's SOL ETF has faced delays (the public review period for 35 days started on July 7), Bloomberg analysts indicate a 95% chance of approval for SOL/XRP/LTC ETFs.

2. Institutional Accumulation

DeFi Development purchased 47,272 SOL ($7.03 million) on July 8 and staked 690,420 SOL ($102.7 million in total) for yield (DeFi Development). The trading volume of CME's Solana futures reached $4 billion, reflecting demand for institutional hedging/trading (CME). 3. Network Growth and Metrics

Token-weighted assets rose to $418 million (up 631% from the number of users over 30 days), led by U.S. Treasury bonds and credit through Ondo/Maple Finance (Cointelegraph). 14.63 million active daily addresses and $1.2 million in daily fees outperform Ethereum.