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Are The Public Markets Coming After Solana Next?

October 31, 2024
x min read
Solana public markets

The public markets have changed the future of Bitcoin forever. Will the same be true for Solana?

What’s happening:

  • Publicly traded companies have been starting to accumulate Solana to hold directly as an asset, which may mark a new paradigm shift for the overlap between the traditional public markets and Solana

Why it matters:

Who is making moves:

By the numbers:

  • Sol Strategies currently owns 130,125 Solana
  • Neptune Digital Assets currently owns 31,727 Solana
  • DeFi Technologies currently owns 12,775 Solana

Going deeper:

The intrigue:

  • Asset management company 3iq also previously applied to list a spot Solana ETF in Canada on the Toronto Stock Exchange, which is where many of the first ever spot Bitcoin ETFs were initially listed prior to ever being approved by regulators in the United States

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