Solana ETFs Could Benefit from SEC’s Potential Streamlined Approval Process
U.S. exchanges like Cboe BZX and NYSE Arca are urging the SEC to adopt a more efficient approval process for cryptocurrency ETFs, which could significantly benefit assets like Solana. The proposed framework would standardize criteria such as asset type, liquidity, and market surveillance, potentially mirroring the streamlined process used for commodity ETFs like gold. Currently, each ETF faces a lengthy 240-day review period, but the new rule could expedite approvals for altcoin-based funds, including those tied to Solana. This development could pave the way for broader institutional adoption and increased liquidity for Solana, further solidifying its position in the crypto market. As of August 2025, this regulatory shift could be a game-changer for Solana and other digital assets seeking ETF approval.
U.S. Exchanges Push SEC to Streamline Crypto ETF Approvals
Cboe BZX and NYSE Arca are challenging the SEC's sluggish crypto ETF approval process. The exchanges propose a standardized framework to fast-track listings for funds meeting predefined criteria—asset type, liquidity, and market surveillance. This shift could mirror the efficient path already used for commodity ETFs like gold.
The current system forces each ETF through a 240-day review gauntlet. Under the new rule, altcoin-based products—Solana, Avalanche, or multi-asset baskets—could launch without individual approvals. Market participants anticipate a surge in product diversity if the SEC acquiesces.
Solana (SOL) Cools Off After July Rally, Tests Key Support at $178
Solana's SOL token, one of July's standout performers among large-cap cryptocurrencies, has entered a cooling-off phase after a 40% monthly surge. The altcoin reached a cycle high of $206.19 on July 22 before retreating below $190 amid signs of weakening demand.
July's rally was underpinned by robust on-chain metrics: Total Value Locked climbed 14% to $9.85 billion, DEX volumes spiked 30% to $82 billion, and protocol revenue grew 13% to $4.3 million. These metrics suggested healthy ecosystem growth during the uptrend.
The current pullback reveals early warning signs—declining network activity and eroding support levels. Market participants now watch the $178 support level, which could determine whether July's gains mark a sustained recovery or temporary respite.
Base Outperforms Solana with Record Token Creation, Fueled by Zora
Base has eclipsed solana in daily token creation, generating 51,575 tokens in a single day—surpassing Solana's combined output from Pump.fun and LetsBonk. The surge, driven by Zora, marks a pivotal shift in blockchain dynamics, where content creation and tokenization now occur simultaneously.
Conor Grogan of Coinbase noted this as the first time since early 2023 that Solana's dominance in token launches has been challenged. Zora's model diverges from automated token factories, emphasizing user-generated content with immediate viral and financial potential.
Robinhood and Kraken Post Strong Revenue Growth Amid Crypto Market Resilience
Robinhood's Q2 2025 earnings reveal a 45% year-over-year revenue surge to $989 million, fueled by crypto trading and strategic acquisitions. Crypto revenues nearly doubled to $160 million, while net income hit $386 million. The platform added 3.5M Gold subscribers and completed its $200M Bitstamp purchase, with CFO Jason Warnick noting "strong trading across categories" and $6B in July net deposits.
Kraken mirrors this momentum, securing $500M in funding at a $15B valuation ahead of its IPO. Both platforms demonstrate the crypto-fintech sector's durability despite macroeconomic headwinds, with SOL meme coins and exchange tokens gaining traction.
