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Solana Etf launched the initial excitement, but the institutional demand is still silent.
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It opens the ongoing Sol, DAPP Sele-FF, and low network activity with a constant price gathering.
The original Sola (SOL) symbol, 7 % on Monday, after confirmation that the first Solana Exchang (ETF) trading box, which includes Stank capabilities, will start on Wednesday. This news prompted merchants to predict whether it could stimulate institutional demand and pay the Sol price above 200 dollars.
Sol initially rose to $ 161, but was seized to $ 157, by 4 % from 24 hours before. ETF Provider Rex has partnership with Osprey funds to create a taxable Corporation, bypassing the approval of the US Securities and Model Stock Exchange Committee. This is unlike the investment funds circulating in the standard bitcoin (BTC) and ETHER (ETH) available in the United States.
This structure allows absolutely faster and smoother, and it is a commonly used path by energy infrastructure. However, it differs from the investment funds circulating in the standard cryptocurrency in terms of tax efficiency, as the Rex -Sprey Sol + Staking Etf Duives Dividend Dirof at the level of corporate and investor.
After some initial excitement, Sol traders re -calibrated their expectations because they realized that almost similar tools can be launched for almost altcoin. Moreover, Solana Trust (GSOL) GrayScale (GSOL), which has been traded for more than two years, runs about $ 75 million of assets.
For comparison, GrayScale Ethereum Trust (ETHE) kept 10 billion dollars of management assets one month before the actual launch of Spot Ethereum ETF in July 2024. This large gap indicates that, regardless of the curtain capacity, it is unlikely that the institutional demand is unlikely a significant impact on the Sol price.
Sol PRICE LIMITED by Stokeing Online, Competition and DAPP
Even if Solana secures the first engine feature for a few months, this effect may be compensated by opening Sol stokeing and selling pressure from some decentralized applications in Solana (DAPPS). According to Defillalama, about $ 585 million of Sol will be opened from the next two months.
In addition, some of the most successful DAPS success in Solana sold it regularly from the Sol holders. For example, the symbolic launch platform pump transferred more than $ 404 million from Sol to the stock exchanges in 2025 alone, as mentioned by the Onchain lens.
This activity helps explain the reason for the Sol performance in largely with competitors with ETH and BNB competitors over 30 days despite ETF oud news in nature.
The Sol Futures financing rate provides an insightful look at the location of the traders. When there is an excessive demand for the bullish leverage, this indicator can jump over 10 % per year. On the contrary, during the homogeneous periods, the financing rates turn negative as the sellers are pushing the open to keep their positions open.
Despite the profit of 12.5 % over a period of four days, the Sol financing rate failed to break the 10 % neutral threshold. The current price of $ 157 remains 47 % lower than the highest level ever at $ 295, and Onchain data indicates any recovery in the network activity. Even with the noise surrounding memecoins, the Solana network revenue has decreased by more than 90 % since January.
Related to: Tokeenized Stock Trading Live on Kaken, Bybit and Solana’s Defi Ecosystem
The fact that Robinhood has chosen Ethereum Layer-2 to start trading outstanding stocks has also been reduced from the charm of Solana as the preferred solution for high-production DAPPS. Likewise, Coinbase has partnered with Shopify on June 12 to submit Onchain payments on the basic network, which eventually settled transactions on the ETHEREUM base layer.
Currently, there is little evidence that the launch of Solana ETF will lead a Sol gathering to 200 dollars, given the increase in competition and the lack of demand for the currently listed Solana Trust tools.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.