Solana as of July 8, 2025:
1. Institutional Interest and Solana ETFs:
DeFi Development Corp. makes a significant purchase: The company acquired 47,272 Solana (SOL) tokens for approximately $7.03 million, raising its total holdings to about 690,420 SOL (valued at $102.7 million). This is a strong signal of the growing institutional interest in Solana.
Delay of Solana ETF by the SEC: Despite the increasing interest, the SEC continues to postpone its decision on the approval of a spot Solana ETF, which could push the approval to the fourth quarter. However, it is mentioned that the "script for an 8-fold increase is in motion" due to "secret" institutional movements.
Solana staking ETF sees strong initial inflow: The Rex-Osprey Solana+Staking ETF (SSK) attracted approximately $12 million in inflows on its first trading day, indicating considerable interest in investment products related to Solana staking.
Truth Social proposes multi-asset crypto ETF: The Truth Social platform launched a proposal for a crypto ETF that would include Bitcoin, Ethereum, Solana, XRP, and CRO, which could open another avenue for institutional exposure to Solana.
2. Performance and Price Outlook for SOL:
Bullish setup despite ETF delay: Despite the ETF delay, the SOL chart suggests potential upward movements.
Technical analysis and price targets: Solana is trading in a range between $148-$152. A breakout above $154 could lead it to $165-$175. Additionally, there are more ambitious projections, with some monthly chart analyses suggesting that SOL could experience a 2800% increase if it completes a breakout of its technical patterns. Average expectations point to a possible increase of more than 180% during 2025
