- The SEC raised considerations in regards to the construction and disclosure of Solana and Ethereum staking ETF filings.
- Regardless of regulatory scrutiny, Solana reveals power via rising on-chain exercise and social metrics.
Plans for Ethereum [ETH and Solana [SOL] staking ETFs anticipated in June 2025 have hit a snag.
For the unaware, REX Shares and Osprey Funds recently filed with the U.S. Securities and Change Fee (SEC) to promote staking-based ETFs on the 2 blockchains.
However preliminary responses from the agency indicated points.
The SEC flagged considerations round product construction and transparency, particularly relating to how staking rewards are earned and distributed, points according to the company’s broader scrutiny of staking mechanisms.
Staking curiosity good points momentum regardless of SEC pushback
Whereas regulatory temper stays unsure, Solana’s on-chain exercise tells a distinct story.
In a really latest encounter, there was a whale staking transaction. A massive 4 million SOL—nearly $621 million value—was staked into validator ID HZKopZY.
This validator is operating the most recent model of Leap Crypto’s Firedancer consumer (v0.503.20214) and has jumped as much as #16 rank amongst validators in line with a famend analyst’s tweet.
This transfer reveals that institutional buyers should not spooked by ETF uncertainty. As an alternative, SOL buyers and merchants alike are doubling their bets on Solana’s long-term community potential.
Supply: Solana Explorer
Surging social mentions point out growing curiosity
Solana didn’t simply achieve on-chain traction.
The altcoin additionally noticed an enormous spike in social mentions, climbing to the very best stage in 30 days, up by over 37,000 mentions in 24 hours.
The rise confirms that the altcoin sentiment is shifting in a optimistic path among the many group, regardless of the continued regulatory headwinds.
Social metrics are good main indicators of investor sentiment, particularly throughout the crypto world.
The intersection of concentrated staking and social momentum could possibly be a worth ground, if not a catalyst, for SOL within the quick to mid-term.
Supply: X
Conservative optimism for SOL
Although the SEC feedback are bearish on prospects for an ETF, they haven’t shaken up the Solana ecosystem.
Validators are upgrading. Whales are staking. And the group is louder than ever. In distinction to the unsure ETF path, Solana’s on-chain fundamentals proceed to pattern positively.
Although the regulatory path remains to be uneven, the on-chain narrative seems a lot smoother.