Solana-Based Drift Raises $25M Toward Goal of Becoming 'Robinhood of Crypto:' Report

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Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

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Solana (SOL) ETF application: In-depth analysis and future prospects In the near future, there is a surge in crypto ETF applications, which is closely related to the SEC's increasingly friendly attitude towards cryptocurrencies and its clear approval rules. As a mainstream cryptocurrency, Solana (SOL)'s ETF application progress has attracted much attention. This article will conduct in-depth discussion on the current status, impact and future prospects of SOLETF applications. Current status of SOLETF application. Several institutions have submitted SOL spot ETF applications, among which Grayscale is particularly eye-catching. It plans to convert Solana Trust Fund into spot ETF, which will further expand its influence in the digital asset market. If approved, the ETF will be listed on the New York Stock Exchange under the code

Solana's recent price decline may be related to the potential Binance listing speculation of PiCoin (PI). Binance's poll showed that 86% of participants supported the listing of PI coins, which could attract a large amount of capital to flow into PI, causing some Solana investors to turn to PI. Solana's price plummeted: Will PI coins replace SOL and become the first choice for investors? Solana (SOL) prices have fallen sharply recently, falling 16% last week and 37% last month. Loss of key support levels has heightened investor concerns. While the overall crypto market downturn is partly responsible, the panic selling of traders has exacerbated the decline. Solana network activity has dropped significantly, with transaction volume plummeting from $1.99 billion in November 2024

Solana Ecology: The cold winter in the storm and the future challenges. The Solana Ecology has encountered unprecedented difficulties recently. The price of its native token SOL continues to fall, and its future development is full of uncertainty. The combination of multiple factors has led to the current severe situation. 1. Shadow of FTX Bankruptcy The 11.2 million SOLs to be unlocked in the FTX bankruptcy auction are worth up to US$2.06 billion, which puts huge pressure on the market. Institutional investors who previously purchased SOL at low prices may choose to take profits, triggering large-scale selling. However, the current trading volume and activity of Solana ecosystem are sluggish, making it difficult to effectively bear the selling pressure. 2. The Meme currency trust crisis LIBRA incident hit the trust foundation of the Solana ecosystem hard. The trading team

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SolanaETF: Will it be approved this year? What impact will it have on the market? After Bitcoin and Ethereum spot ETFs were approved, the market's attention turned to the next potential ETF target: Solana. Several companies have submitted SolanaETF applications, triggering heated discussions in the market about the possibility that SOL spot ETF will be approved this year. Latest progress of SolanaETF Recently, VolatilityShares' two Solana futures ETFs have been included in the US Securities Centralized Custody and Settlement Company (DTCC) list, indicating that the SolanaETF ecosystem has entered a critical stage and has also increased the expectation of SOL spot ETF approval. DTCC plays a central role in global financial markets, and its list means these