Solana Staking ETF Registration by CoinShares Marks Institutional Confidence in Altcoins

CoinShares, a prominent European digital asset investment firm, has registered an entity in Delaware to launch a Solana staking ETF, highlighting increasing institutional interest in alternative cryptocurrencies and blockchain-based yield mechanisms. This development signals growing confidence in Solana (SOL) as a viable asset for regulated investment vehicles, offering investors exposure to SOL while benefiting from staking rewards. The move underscores the broader trend of institutional adoption of altcoins beyond Bitcoin and Ethereum, positioning Solana as a key player in the evolving crypto landscape.

CoinShares Registers Solana Staking ETF in Delaware, Signaling Institutional Altcoin Confidence

CoinShares, a leading European digital asset investment firm, has taken a significant step toward launching a solana staking ETF by registering an entity in Delaware. The move underscores growing institutional interest in alternative cryptocurrencies and blockchain-based yield mechanisms.

The proposed ETF would provide regulated exposure to Solana (SOL) while allowing investors to benefit from staking rewards without directly managing tokens or validators. Delaware's business-friendly jurisdiction was chosen to align with U.S. regulatory standards, suggesting CoinShares' ambitions for broader market access.

This hybrid product bridges traditional finance with decentralized protocols, potentially accelerating institutional adoption of proof-of-stake networks. Solana's high-performance blockchain has emerged as a focal point for financial innovation following Ethereum's transition to staking.

Solana Sees 370% Jump in Open Interest: Can SOL Price Rebound?

Solana's futures market witnessed a dramatic resurgence in July, with open interest soaring 370% to $400 million. Trading volume followed suit, exploding from $2.2 billion to $8.1 billion—a clear signal of renewed institutional confidence. This surge comes just three months after CME launched SOL futures and coincides with the announcement of Solana's first spot ETF with staking capabilities.

On-chain metrics paint an equally bullish picture. Circle increased USDC minting on Solana by 11%, pushing total stablecoin supply to $12.2 billion. Daily DEX volumes consistently breached $900 million, with USDC-denominated trades peaking at $1.93 billion. The network processed $220 billion in stablecoin transfers—a 54% monthly increase—with USDC dominating at $186 billion.

Market technicians note SOL's recent dip to $160 may have flushed out weak hands. The simultaneous surge in derivatives activity and on-chain liquidity suggests sophisticated players are positioning for a potential rebound. All eyes now watch whether this institutional inflow can catalyze sustained price recovery.

DeFi Development Corp. Partners with Solflare as Official Wallet Provider

DeFi Development Corp., a public company accumulating Solana (SOL) as a treasury asset, has named Solflare its official wallet provider. The partnership includes adoption of Solflare's crypto-backed debit card for employee payments and a strategic collaboration to drive onchain financial product adoption.

Solflare, serving over 4 million active users, will work with DeFi Dev on educational initiatives to expand reach. The MOVE reinforces DeFi Dev's aggressive Solana accumulation strategy and ecosystem involvement.

Solana ETF Approval Nears as Firms File Amended Applications

Seven major asset management firms—Grayscale, VanEck, Bitwise, Canary, Franklin Templeton, Fidelity, and CoinShares—have submitted amended S-1 registration statements to the SEC for spot Solana ETFs. This move signals accelerating institutional interest in SOL-based investment products, with analysts estimating a 95% approval probability.

The updated filings suggest constructive dialogue between issuers and regulators, mirroring the path previously taken by Bitcoin and ethereum ETFs. A key unresolved question remains whether staking features will be permitted in these products, reflecting broader debates about yield-generating mechanisms in crypto ETFs.

Crypto Tokens Surge from 20,000 to 18.9 Million in Three Years Driven by Solana, Base, and BSC

The number of tradable crypto tokens has skyrocketed from 20,000 in 2022 to an estimated 18.9 million by mid-2025, marking a 945-fold increase. This explosive growth is largely concentrated on three high-throughput blockchains: Solana, Base, and BNB Smart Chain (BSC), which account for 90% of new token creation.

Solana has emerged as the epicenter of this frenzy, with approximately 18 million new tokens minted in the past year alone. Platforms like Pump.fun have facilitated the creation of 11.4 million SPL tokens by late July 2025, up 31% from March 2025. Low fees, no-code launchpads, and a culture of rapid experimentation have fueled this unprecedented expansion.

While most new tokens are micro-cap assets launched for speculation or virality, the trend underscores the democratization of token creation. The combined output of these three networks now dwarfs token creation on Ethereum, Polygon, Arbitrum, and other major chains.