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Solana Etf launched the initial excitement, but the institutional demand is still silent.
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It opens the ongoing Sol, DAPP Sele-FF, and low network activity with a constant price gathering.
The original Solana symbol, Seoul (Teller7 % rose on Monday after confirming that the first trading box for Solana (ETF), which is characterized by the capabilities of Staking, will be launched on Wednesday. This news prompted merchants to predict whether it could stimulate institutional demand and pay the Sol price above 200 dollars.
Sol initially rose to $ 161, but was seized to $ 157, by 4 % from 24 hours before. ETF Rex Partnership with OSPREY funds to create C. Transgress The approval of the American Securities and Stock Exchange Committee. This is unlike the standard bitcoin (BTC) And the fragrance (EthSpot Etfs available in the United States.
This structure allows absolutely faster and smoother, and it is a commonly used path by energy infrastructure. However, it differs from the investment funds circulating in the standard cryptocurrency in terms of tax efficiency, as the Rex -Sprey Sol + Staking Etf Duives Dividend Dirof at the level of corporate and investor.
After some initial excitement, Sol traders re -calibrated their expectations because they realized that almost similar tools can be launched for almost altcoin. Moreover, Solana Trust (GSOL) GrayScale (GSOL), which has been traded for more than two years, runs about $ 75 million of assets.
For comparison, and Gray ethereum confidence (ETHE) kept $ 10 billion in assets under management one month before the actual launch of Spot Ethereum ETF in July 2024. This big gap indicates that regardless of the ability to reside, it is unlikely that institutional demand is unlikely a significant impact on the Sol price.
Sol PRICE LIMITED by Stokeing Online, Competition and DAPP
Even if Solana secures the first engine feature for a few months, this effect can be compensated Sol stokeing opened And sell pressure from some decentralized applications for Solana (DAPS). According to Defillalama, about $ 585 million of Sol will be opened from the next two months.
In addition, some of the most successful DAPS success in Solana sold it regularly from the Sol holders. For example, the symbolic launch platform pump transferred more than $ 404 million from Sol to the stock exchanges in 2025 alone, as mentioned by the Onchain lens.
This activity helps explain the reason for the Sol performance in largely with competitors with ETH and BNB competitors over 30 days despite ETF oud news in nature.
The Sol Futures financing rate provides an insightful look at the location of the traders. When there is an excessive demand for the bullish leverage, this indicator can jump over 10 % per year. On the contrary, during the homogeneous periods, the financing rates turn negative as the sellers are pushing the open to keep their positions open.
Despite the profit of 12.5 % over a period of four days, the Sol financing rate failed to break the 10 % neutral threshold. The current price of $ 157 remains 47 % lower than the highest level ever at $ 295, and Onchain data indicates any recovery in the network activity. Even with the noise surrounding memecoins, the Solana network revenue has decreased by more than 90 % since January.
Related to: Tokeenized Stock Trading Live on Kaken, Bybit and Solana’s Defi Ecosystem
The fact that Robinhood chose Ethereum-2 layer The network has also led to the release of distinctive stock trading, to reduce the preferred Solana Kohl’s charm for the highly productive DAPPS. Likewise, Coinbase Partnership with Shopify On June 12 to submit Onchain payments on the basic network, which eventually settled transactions on the ETHEREUM base layer.
Currently, there is little evidence that the launch of Solana ETF will lead a Sol gathering to 200 dollars, given the increase in competition and the lack of demand for the currently listed Solana Trust tools.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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