Solana
Solana price drops despite U.S. spot ETF launches
Solana's token price tumbled 8% on Thursday, erasing year-over-year gains, even as the first spot-based Solana ETFs debuted in the U.S. The Bitwise Solana Staking ETF attracted significant inflows, but failed to lift the price. Meanwhile, Fidelity advanced its own Solana ETF filing with the SEC.
XRP and Solana options show bullish signals as bitcoin and ether lag
Options trading for XRP and Solana flashed renewed bullish sentiment following a market crash, contrasting with persistent gloom in bitcoin and ether. The 25-delta risk reversal gauge turned positive for XRP and SOL across near-term expiries on Deribit. This shift highlights diverging trader expectations in the cryptocurrency market.
Solana builds institutional case with real-world assets and uptime
Solana is positioning itself for institutional adoption through growing real-world asset inflows, validator infrastructure improvements, and flawless performance during a major cloud outage. The blockchain currently hosts nearly $629 million in tokenized assets from blue-chip issuers like Franklin Templeton and Circle. These developments highlight Solana's resilience and low-cost operations compared to Ethereum rollups.