Solana ETF Momentum Builds as Major Providers Update Filings with SEC

In a significant development for the cryptocurrency market, seven prominent ETF providers, including industry leaders such as 21Shares, Bitwise, and Fidelity, have submitted amended S-1 filings for spot Solana ETFs to the U.S. Securities and Exchange Commission (SEC). The updated filings notably include provisions for staking held SOL, a feature that could potentially boost investor returns through yield generation. This move signals growing regulatory momentum, with Bloomberg''s Eric Balchunas highlighting the SEC''s active engagement as a positive indicator for approval. As of June 2025, the crypto community is closely watching these developments, which could further solidify Solana''s position in the digital asset ecosystem. The inclusion of staking mechanisms in the ETFs underscores the evolving nature of cryptocurrency investment products and their appeal to both institutional and retail investors.

Solana ETF Applicants Submit Updated S-1 Filings Amid SEC Approval Buzz

Seven ETF providers, including industry heavyweights like 21Shares, Bitwise, and Fidelity, have amended their S-1 filings for spot solana ETFs with the SEC. The updated documents include provisions for staking held SOL—a move that could enhance investor returns through yield generation.

Regulatory momentum appears to be building, with Bloomberg''s Eric Balchunas noting the SEC''s engagement suggests increased likelihood of approval. Market observers anticipate a potential launch window of two to four months, mirroring the trajectory of earlier crypto ETF approvals.

The filings represent a watershed moment for Solana''s institutional adoption. By offering regulated exposure to SOL''s price action without direct custody requirements, these products could unlock significant capital from traditional finance investors.

Solaxy Raises $49.5 Million in Record Solana Presale as ICO Nears Conclusion

Solaxy, a Solana-based project developing the blockchain''s first LAYER 2 scaling solution, has surged past $49.5 million in presale funding. The project addresses Solana''s persistent congestion issues with rollup technology and off-chain computation, aiming to deliver faster, cheaper transactions.

Investors are committing approximately $1 million daily as the presale enters its final 48 hours. The timing aligns with growing institutional demand for scalable blockchain infrastructure. Solaxy''s recent Hyperlane partnership further enhances its cross-chain capabilities, positioning it as a critical bridge for Solana''s ecosystem growth.

Solana Price Action: Will It Break $147 Resistance or Fall to $140?

Solana (SOL) finds itself in a tight consolidation range, caught between crucial support at $141 and resistance at $147. Trading at $145, the cryptocurrency reflects market indecision as bearish and bullish forces vie for control. Analyst AgentXBT notes the significance of the $146 level, which SOL currently struggles to breach.

Despite a 9.54% decline in momentum, Solana''s market structure remains stable with healthy volume ratios suggesting sustained trader interest. Technical indicators paint a mixed picture: the MACD crossover at -2.74 and neutral RSI at 40.03 hint at short-term weakness, though the asset avoids oversold territory. Bollinger Band width contraction (19.77%) signals impending volatility, while DMI values (27.9/37.6) and ADX (14.8) confirm a weak trend with no immediate collapse risk.

The market appears to be holding its breath—waiting for either a decisive breakout above resistance or breakdown below support before committing to directional bets.

SOL Rebounds Toward $145 Amid Institutional Support and ETF Developments

Solana (SOL) showed resilience at $144.14 despite a 2.06% dip, as institutional activity countered retail-driven weakness. The cryptocurrency remains NEAR the lower end of its $145–$149 consolidation range, reflecting broader market corrections tied to geopolitical tensions.

Seven spot Solana ETF issuers, including Fidelity and Grayscale, submitted updated S-1 filings with staking provisions, aligning with Solana''s on-chain economics. Meanwhile, DeFi Development Corp secured a $5 billion equity line of credit to fund additional SOL acquisitions, signaling deepening institutional engagement.