Solana’s Institutional Momentum Grows as Major Asset Managers Amend ETF Filings

In a significant development for the cryptocurrency market, major asset managers including Franklin Templeton, Grayscale, VanEck, and Fidelity have submitted amended spot ETF applications for Solana to the SEC. These updated filings, which incorporate staking mechanisms and enhanced custodial frameworks, indicate active negotiations with regulators following the recent approvals of Bitcoin and Ethereum ETFs. Despite a minor 3% price dip to $170.24 post-announcement, the structural upgrades suggest growing institutional confidence in Solana's long-term potential. This move underscores the increasing institutional interest in Solana and its positioning as a leading blockchain platform. The developments highlight a bullish outlook for Solana, as the cryptocurrency continues to gain traction among traditional financial players.

Major Asset Managers Revise Solana ETF Filings, Signaling Institutional Confidence

Solana's institutional momentum builds as Franklin Templeton, Grayscale, VanEck, and Fidelity submit amended spot ETF applications to the SEC. The updated filings—featuring staking mechanisms and enhanced custodial frameworks—reflect active negotiations with regulators following recent Bitcoin and ethereum ETF approvals.

Despite a 3% price dip to $170.24 post-announcement, the structural upgrades suggest long-term bullish potential. Grayscale's proposed 2.5% annual fee in SOL and VanEck's dual-custody staking model demonstrate sophisticated product tailoring for regulatory compliance.

Market analysts anticipate SEC decisions by late August or September 2025, positioning solana as the next digital asset to potentially gain mainstream investment vehicle status.

Solana Whales Dump $17.7M as Price Tumbles 12% in a Week

Solana's price has plummeted 12.38% over the past week, sliding from $206 to a local low of $159. At press time, the asset hovered NEAR $162, marking a 3.95% daily decline. This sharp correction has pushed SOL into a descending channel, with momentum indicators flashing bearish signals.

Whales have re-entered the spot market after a month-long absence, but this time to offload holdings. A single whale deposited 108,016 SOL—worth $17.74 million—into OKX and Binance, typically a precursor to selling. Historically, such aggressive whale exits signal weakening market conviction and often precede further downside.

Retail traders appear to be buying the dip, but their efforts are being overshadowed by institutional selling pressure. The $154 support level now looms as a critical test for SOL's near-term trajectory. With whale activity shifting from accumulation to distribution, Solana's path to reclaiming $183 grows increasingly precarious.

Solana ETF Fails to Lift SOL Price as AI Asset Manager Gains Traction

Solana's ETF momentum has stalled below the $300 threshold, with SOL currently trading at $169.59 after rejecting the upper boundary of a rising wedge pattern. Institutional players including Bitwise, Fidelity, and Canary Capital continue pursuing Solana-based products, while Grayscale innovates with a 2.5% fee structure denominated in SOL tokens.

Meanwhile, Unilabs Finance emerges as a disruptive force, leveraging AI-driven project screening to attract seven-figure presale investment. The protocol's ability to identify pre-viral assets positions it as a potential 25x opportunity during August's market turbulence.

Regulatory developments remain pivotal, with CoinShares filing for a staking-enabled Solana ETF and industry groups advocating for liquid staking provisions in Solana ETPs. These institutional moves create structural support for SOL's long-term valuation despite short-term technical resistance.

Solana's Meteoric Rise: A $1,000 Investment Five Years Ago Would Yield Astronomical Returns Today

Launched just 5.5 years ago, Solana (SOL) has surged to become the sixth-largest cryptocurrency by market capitalization, now valued at over $96 billion as of July 30. Its proof-of-stake (PoS) mechanism, coupled with a unique proof-of-history protocol, sets it apart from energy-intensive proof-of-work (PoW) systems like Bitcoin's.

The network's ability to process thousands of transactions per second—with theoretical capacity reaching 65,000 TPS—positions Solana as a disruptive force in global payments. Early investors have reaped staggering rewards, despite the token's characteristic volatility.