Collective liquid introduced a liquid staking token in Solana (Sol), responding to the rising institutional interests of the network as US regulators consider some funds exchanged by the SOL (ETF) exchange.
On Wednesday, the Interoperable Staking Network opened Liquid Staked Sol (LSSOL) in collaboration with Coinbase, Kraken, Galaxy, Anchorage Digital and Fireblocks. These partners will facilitate access to the institution at LSSOL as the demand for Solana grows to professional investors.
Citing data from Solanabeach.ioLiquid Collective noted that approximately $ 21 billion in SOL remains unstable. In Staked Sol, 14% is currently staked by liquid staking solutions, with Jito leading the market, according to industry data.
Liquid collective is better known as the standard Ethereum staking, along with liquid staked et (LSETH) holding $ 1 billion in total amount locked, according to Dune. Meanwhile, Ether (Eth) staking hit a full time high in June, along with More than 35 million ETHs are staked In the network.
The transfer of the protocol to Solana reflects the broader effort to support staking in many blockchains, not just Ethereum.
Coinbase’s leadership of Staking Sales, Lewis Han, has confirmed that LSSOL will be offered via the exchange onchain wallet of the exchange. Han said the addition of LSSOL reflects the growing institutional demand for “safe, comprehensive caution and caution solutions.”
Related: Crypto Staking at Proof-of-Stake Blockchain Not a Security: SEC Staff
Analysts see a 95% chance of approval of Solana ETF this year
Liquid collective and its partners argue that products such as LSSOL will play a major role as the institutional interest in crypto grows, positioning staked assets as an increasingly important part of market infrastructure.
The potential approval of some Solana ETFs can trigger significant capital flow. The head of Vaneck’s Digital Asset Research, Matthew Sigel, has Attached That between $ 3 billion and $ 6 billion could enter the market within the first six months following approved.
Currently, there are Seven pending solana etf applicationsBased on S-1 filings with the US Securities and Exchange Commission.
Since their start in 2024, the US Crypto ETF has seen a story of two markets. Bitcoin (Btc) funds launched as some of Most successful ETF in historyWhile the demand for Ether ETF is a bit masked. However, recent data indicates that Flowing with ETH funds Selected significantly in recent months.
Related: Despite the high record, the S&P 500 is in the terms of Bitcoin
