Mentioned:
Solana is dominating crypto. And stock markets around the world are starting to see the opportunity, too.
What’s happening:
- Solana has begun to infiltrate the traditional public markets in multiple countries around the world, marking a potential new paradigm for the large scale adoption of the popular cryptocurrency
Why it matters:
- Both Bitcoin and Ethereum have become embraced by Wall Street following the launch of spot ETFs on major stock exchanges in America, which has led to large speculation that Solana is likely the next digital asset to be adopted by the traditional public markets and institutional investors
Who is making moves:
- SOL Global (CSE: SOL) has been rapidly accumulating Solana and now holds 17,028 Solana tokens directly as an asset
- Bitwise just recently launched a new Exchange Traded Product for Solana staking on the Deutsche Borse Xetra stock exchange in Germany
- Multiple asset management companies including Grayscale, Bitwise, VanEck, 21Shares and Canary Capital have applied for spot Solana ETFs with the Securities and Exchange Commission in the United States
Going deeper:
- Volatility Shares also recently filed three new ETF applications focused on leveraged exposure to Solana futures, despite the fact that Solana futures are not even yet available on regulated exchanges
The intrigue:
- The B3 stock exchange in Brazil has even fully embraced Solana ETFs and currently already has two different ETFs offering exposure to Solana that are actively trading
