Solana ETF Frenzy Escalates: Snorter Bot Dominates Meme Market as Institutional Demand Surges
The crypto ETF arms race just went thermonuclear—and Solana’s leading the charge. Asset managers are scrambling to file fresh Solana ETF applications, betting big on institutional FOMO. Meanwhile, Snorter Bot’s algorithmic claws have locked down 80% of Solana meme coin trades, turning volatility into a proprietary revenue stream.
Wall Street’s late to the party (again). While TradFi giants draft prospectuses, degenerate crypto natives are already front-running the liquidity wave—pumping SOL-based memecoins like there’s no tomorrow. Snorter’s 24/7 arbitrage bots exploit the chaos, skimming spreads with machine precision.
Regulators? Asleep at the wheel. The SEC’s ‘regulation-by-lawsuit’ approach can’t keep pace with Solana’s 50k TPS ecosystem. Every ETF delay just hands more market share to algo traders and offshore derivatives platforms. Cue the usual chorus of ‘this time it’s different’ from bankers who still think Bitcoin’s a ‘fraud’.
Invesco Galaxy Solana ETF Ready to List
Why the race for a Solana ETF? Partly because of the tremendous success of Bitcoin and ethereum ETFs:
- $IBIT: iShares Bitcoin Trust, $70.6B Assets Under Management (AUM)
- $FBTC: Fidelity Wise Origin Bitcoin Fund, $20.4B AUM
- $GBTC: Grayscale Bitcoin Trust, $19.6B AUM
- $ETHA: iShares Ethereum Trust, $3.9B AUM
- $ETHE: Grayscale Ethereum Trust, $2.8B AUM
It’s no surprise that more players are ready to enter the game, particularly as the realms of traditional finance (TradFi) and decentralized finance (DeFi) MOVE ever-closer together.
Only $BTC and $ETH currently have single-asset crypto ETFs, but the pile of pending filings includes everything from $XRP to $SOL to the first-ever NFT ETF, with Pudgy Penguins ($PENGU).
And with single-asset crypto ETFs rolling along, institutions aren’t waiting around for the SEC. They’ve already started to move towards multi-asset ETFs.
Converting Existing Funds to Multi-Asset ETFs
One of the holdups so far has been that the SEC lacks a clear set of rules around crypto ETFs, even after the $BTC and $ETH approvals went ahead. The question now is, will the SEC hold approvals until they draw up new rules? Or will they approve first and develop the rule set as they go?
There is some time pressure at work here. Grayscale wants to convert its Digital Large Cap Fund (GDLC) to an ETF, and the deadline for that is July 2. That fund already holds a number of crypto assets, including $XRP, $SOL, and $ADA.
If the conversion is approved, look for others to follow. Investment managers from Bitwise to Hasdex have plans to convert other funds to multi-asset ETFs that include cryptos.The funds sit at the top of the financial and investment world, and every one that gets approved boosts Solana’s long-term outlook just slightly. But much, much farther down, there’s another reason to be excited for Solana.
The frenetic, fast-paced world of Solana meme coin trading just got a tool that could bring much-needed clarity and make finding those 10x or 100x opportunities much easier.
Snorter Token ($SNORT) – One Bot to Rule Them All for Meme Coin Trading on Telegram
What do you need to find and trade memes on Telegram? You need:
- Lightning-fast transactions and swaps
- Automated sniping, to get in and out at the right time
- Protection from rug pulls, honeypots, and front-running trades
Thankfully, traders now have, the meme coin-styled trading bot designed specifically for trading low-cap Solana memes on Telegram.
The $SNORT token powers the bot, providing for rapid trade execution and the lowest fees possible. The project’s presale has already raised nearly $1.3M in a few weeks, indicating broad support.
The roadmap includes launching the bot on Solana but expanding to EVM-compatible chains post-launch.In the meantime, the plans feature a token bridge and a built-in Telegram dashboard. No more avoiding Telegram tokens; traders can dive in with confidence with Snorter.
Solana ETFs Mark the Next Stage of Crypto Adoption
As plans proceed, even the rate of ETF filings indicates just how fast crypto adoption is moving.
From Wall Street boardrooms to Telegram chats, Solana is becoming increasingly accessible to investors of every stripe.
Keep an eye on Snorter, and another on the broader Solana ecosystem.
But remember – always do your own research. This isn’t financial advice.
