Digital bank Revolut has integrated the Solana network, allowing its millions of users to send, stake, and make payments with SOL, marking a significant step for crypto adoption.
Franklin Templeton has launched the seventh Solana ETF on Wall Street, offering staking rewards. However, recent outflows suggest cooling investor interest, with SOL price remaining stagnant.
The memecoin market on Solana has collapsed to a two-year low, with trading volumes plummeting as traders shift to stablecoins, while overall network activity remains stable.
Solana ETFs have seen net inflows for 20 consecutive days, accumulating nearly €500 million since their launch. However, the SOL price has not followed suit, declining over 30% in the past month despite the strong institutional interest.
Despite a significant price drop, Solana’s newly launched spot ETFs are attracting consistent capital inflows, raising questions among investors. This trend contrasts sharply with Bitcoin ETFs, which recently saw significant outflows, while SOL’s price faces resistance around the $140 level.