Solana ETFs have attracted $78 million in inflows over the past month, signaling strong institutional interest.
Solana’s price has surged to $196.45, up 8.69% in the last 24 hours, reflecting positive market sentiment.
A notable whale transaction on July 2, 2025, saw 1 million SOL transferred, worth over $152 million at the time, indicating large investor activity.
The cryptocurrency market has seen significant developments with Solana (SOL), as its newly launched exchange-traded funds (ETFs) continue to attract substantial inflows, and large-scale investor activity, commonly referred to as “whale” movements, have contributed to a notable price surge. As of July 21, 2025, Solana’s price has reached $196.45, marking an 8.69% increase over the past 24 hours. This growth is underpinned by the success of Solana-focused ETFs, which have collectively drawn $78 million in investments over the past month, highlighting growing institutional confidence in the blockchain’s potential.
On July 2, 2025, the REX-Osprey SOL + Staking ETF (SSK) began trading, becoming the first U.S.-listed ETF to offer exposure to Solana’s native token along with staking rewards. Since its launch, SSK has attracted $41 million in assets under management. Additionally, Volatility Shares’ 2x Solana ETF (SOLT) has brought in $69 million year-to-date. These inflows demonstrate strong interest from institutional investors in Solana, despite the cryptocurrency market’s volatility.
The U.S. Securities and Exchange Commission (SEC) is currently reviewing updated filings from several issuers, including VanEck, 21Shares, and Grayscale, for spot Solana ETFs, suggesting that more Solana-based ETFs may be approved soon. This regulatory progress could further enhance Solana’s accessibility to traditional investors.
The primary stakeholders in this development are the ETF issuers, such as REX-Osprey and Volatility Shares, who have successfully launched Solana-related products. Other major players include VanEck, 21Shares, Canary Capital, Bitwise, Grayscale, Franklin Templeton, Fidelity, and CoinShares, all of which have filed for spot Solana ETFs. The SEC plays a crucial role as the regulatory body overseeing these filings and approvals, with a deadline for amended filings set for the end of July 2025.
Solana is a high-performance blockchain platform designed for scalability and speed, capable of processing thousands of transactions per second with low fees. It has become a leading ecosystem for decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other blockchain-based services. In June 2025 alone, Solana processed approximately 2.98 billion transactions and generated $146 million in app revenue, underscoring its robust activity and economic impact. Since February 2024, Solana has achieved over 15 months of continuous uptime, demonstrating unmatched operational resilience.
The launch of Solana ETFs has made the cryptocurrency more accessible to traditional investors, potentially driving further price appreciation and adoption. The significant inflows into these ETFs indicate that institutional investors are increasingly confident in Solana’s long-term prospects. Moreover, the large whale transaction on July 2, 2025, where 1 million SOL (worth over $152 million at the time) was transferred, suggests that major investors are also bullish on Solana. This transfer lifted 24-hour trading volume to $4.11 billion, a nearly 28% rise, according to reports.
Phemex analysts note that the Solana ETF approval represents a notable development in crypto trading, bridging traditional finance and cryptocurrency, which could encourage more altcoin ETF optimism and expand crypto trading strategies for investors. Community sentiment on platforms like X reflects excitement, with posts highlighting Solana’s potential to reach $200 soon.
However, some challenges remain. For instance, the delisting of 36 trading pairs involving Solana by Bitget on July 12, 2025, introduced minor negative sentiment, though it had limited impact on Solana’s bullish trajectory. Additionally, the recent $44 million hack at CoinDCX raises broader concerns about exchange security, which could affect investor confidence across the crypto market.
The combination of strong ETF performance and active whale participation has propelled Solana’s price to $196.45, with the market anticipating further developments, including potential approvals of additional Solana ETFs by October 2025. This surge in interest and investment underscores Solana’s growing prominence in the cryptocurrency landscape and its appeal to both retail and institutional investors. Investors should monitor regulatory updates and market trends to stay informed about Solana’s evolving role in the crypto ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute legal, tax, investment, or financial advice. Readers should conduct their own research before making investment decisions. We use AI to help us research and enhance the text or visual aids, which are then edited by our team.
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