- Solana leads bridge entries and costs of the costs, strengthening its ETF momentum.
- Dry requires modified S-1 deposits; 39 million dollars of soil transfer instructions for increasing institutional positioning.
Solana (floor) quietly builds its case for an ETF Spot.
With the activity of the upward network, $ 8.8 billion in TVL and increasing costs of costs, the ecosystem attracts serious attention.
While the issuers revised the deposits to take the markup into account, Bloomberg now weighs the chances of approval at 90%; A sign that the momentum could finally be on the side of Solana.
Dry grows for modified deposits
The American Commission for Securities and Exchange asked issuers to submit modified S-1 forms by the third week of June 2025; An encouraging sign that the examination process advances.
This decision occurs in the heels of Bloomberg Intelligence placing dimensions of 90% on approval, motivated by the ramp -up of TVL and network.
Source: Defillama
Some transmitters have already updated the deposits to include the milestone, although analyst James Seyffart warns,
“Possible but definitively guaranteed. Could theoretically approve the ETF Sol to launch it with a milestone at the same time, they approve the jalitude in the FNB and ETH. But I have no glimpse of what will really happen.”
Transfer and network traction
In the past 24 hours, Solana has led all networks in net bridge entries, exceeding $ 2.5 million and ranked third in the costs generated; Dragging only Tron (TRX) and hyperliquid (media threshing).
These figures highlight the growing use of the real world of Solana, a key metric for the viability of ETFs. Meanwhile, changes in the Stablecoin offer show a marginal outlet for soil, a sign of healthy liquidity rotation.
Source: X
In a major portfolio movement, 252,847 soil (worth $ 39.72 million) were transferred from Coinbase Prime to Cold Storage of FTX just hours ago.
It was an unusual size which could refer to institutional positioning or the restructuring of the guard before the ETF developments.
Source: X
While Solana continues to attract entries, the activity of fuel challenge and gain ground with the issuers, the data is increasingly supporting the story: soil evolves towards a serious competitor of the layer 1 with the measures to correspond.
