soletf

Invesco and Galaxy launched the QSOL Solana ETP on the Chicago Board Options Exchange (Cboe).
The fund provides an immediate investment opportunity in Solana with integrated staking rewards.
It includes a management fee of 0.25% and support worth 17,500 SOL.
Staking rewards are treated as income, supporting network security.
Invesco and Galaxy Asset Management launched a new Solana-based trading product. The Invesco Galaxy Solana ETP, trading under the symbol QSOL, was officially listed on the Cboe BZX exchange. This represents an additional step towards bridging cryptocurrency exposure with traditional markets. The product provides investors with direct exposure to spot Solana while adding staking rewards at the same time. For institutions, this combination is important as it blends price exposure and yield without forcing investors to manage portfolios or custodians themselves. The management fee is 0.25%, which aligns with other ETP products in the competitive long-term capital cryptocurrency market.

Solana exchange-traded funds recorded a net inflow of $16.6 million yesterday.
The assets of Bitwise's BSOL fund exceeded $600 million.
Solana exchange-traded funds recorded six consecutive weeks of positive inflows.
Community reactions showed strong institutional confidence.
New data from SolanaFloor showed that Solana exchange-traded funds (ETFs) received a net inflow of $16.6 million over the past year. The data also indicated sustained institutional demand for Solana. Investors were not deterred by the ambiguous market conditions but maintained their steady confidence in the digital asset. Previous analysts noted that these inflows raised the cumulative total of Solana funds to $655 million across all ETF launches before 2025. The performance came as a surprise to most observers, as high volatility usually reduces participation in ETFs. In contrast, institutional buyers continued to increase their exposure to Solana, suggesting that the asset retains a strong position within the broader context of digital assets. Community reactions were positive towards these inflows, as they were seen as an indicator of long-term credibility rather than short-term speculation.

💡 The crypto market continues to gain ground in the traditional financial world, and Solana (SOL) could be the next digital asset to have its own ETF. What does this mean for investors? Why is Solana attracting so much institutional interest? Let me explain.

The rise of cryptocurrency ETFs

Solana, known for its speed and low costs, is in the sights of several financial firms looking to launch ETFs backed by this asset.
Companies like 21Shares, Bitwise, and VanEck have shown interest in creating financial products that allow investors to access Solana without the complexity of managing wallets or private keys.

As the market faces increasing political and economic risks, cryptocurrency performance remains relatively stable, with mainstream coins showing little volatility. Bitcoin (BTC) is currently reported at $84,670, with a 24-hour increase of 0.496%, and Ethereum (ETH) is reported at $1,631.39, up by 1.17%.

There are two major events in the market today to focus on:
1. KiloEx has been stolen $7.4 million, does the project still have hope?
The KiloEx perpetual contract platform was recently attacked on multiple chains, with hackers initiating transactions through Tornado Cash addresses on the BNB, Base, and Taiko chains, accumulating profits of approximately $7 million. Preliminary analysis points to a vulnerability in the access control of the price oracle, and the attack is still ongoing.

Solana ($SOL ) surged past $150 on May 8, 2025, reaching $171.18 by May 10, driven by a bullish technical breakout and institutional inflows . The cryptocurrency broke key resistance levels, including the 200-day SMA at $155, signaling strong upward momentum. Technical patterns like a cup-and-handle breakout on hourly charts and an inverse head-and-shoulders formation on daily charts suggest potential rallies toward $180–$200 if buying pressure persists .  

Institutional Tailwinds
- ETF Developments: ARK Invest launched the first U.S.-listed Solana ETF via its Canadian SOLQ Staking ETF, while Bloomberg analysts estimate a 90% chance of U.S. Solana ETF approval in 2025, which could unlock billions in institutional capital .  
- Whale Activity: Galaxy Digital swapped $105M in Ethereum for $98M in SOL, and a notable whale re-entered the market at $141 after earlier selling at $115, reflecting confidence in $SOL ’s upside . 
Market Catalysts 
- Network Growth: Solana’s stablecoin market cap surpassed $13B, and its Total Value Locked (TVL) hit $9.5B, driven by DeFi and NFT activity .  
- Layer-2 Innovation: Solaxy, a Solana-focused Layer-2 solution, raised $32.5M in presale funding, aiming to resolve congestion and enhance scalability, further boosting investor sentiment .  
Price Targets
Short-term resistance lies at $172 (March high), with a breakout potentially propelling SOL to $180–$200. Analysts highlight stretched targets of $515–$1,000 by 2025 if ETF approvals and adoption accelerate . As of May 10, SOL’s RSI (78) indicates overbought conditions, but sustained institutional accumulation and macroeconomic factors like China’s $138B liquidity injection support bullish momentum .  
In summary, $SOL s technical strength, institutional backing, and ecosystem growth position it for a potential rally toward $200, contingent on broader market stability.
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#solana #nft #SOLETF #crypto #Binance