$SOL
Surge in ETF Organization
The U.S. Securities and Exchange Commission (SEC) is drafting rules to replace the approval process for Exchange-Traded Funds (ETFs) 19b-4 with standardized criteria (market capitalization, decentralization), aiming to approve Solana ETFs by September 2025 (SEC). While the Fidelity SOL ETF has faced delays (the public review period began on July 7 for 35 days), Bloomberg analysts indicate a 95% likelihood of approval for SOL/XRP/LTC ETFs.
2. Institutional Accumulation
DeFi Development purchased 47,272 SOL ($7.03 million) on July 8, betting on 690,420 SOL ($102.7 million in total) for yield (DeFi Development).
CME's Solana futures trading volume reached $4 billion, reflecting institutional hedging/trading demand (CME).