Despite the big Solana ETF news in the U.S., Solana crypto price hasn’t seen significant upward moves. This can be due to many things, but one of them is that ETF Solana news is already priced in. Another thing could be that investors are a little bit cautious about geopolitical and macro views.
Many other concerns still exist, from liquidity to regulatory hurdles. One of the big supporters now is Trump, Solana can benefit from that.
What’s Next For SOL After Its First ETF?
Although the Solana ETF news emerges, the price stays stagnant. For people to believe in this move, we have to see some upward movement in price, which, in our case, is missing. One factor is high competition from Ethereum and L2s.
Despite Solana’s scalability and low fees, Ethereum keeps dominating the crypto world as the most prominent blockchain. This and the fact that the SOL blockchain experiences stability issues are haunting users and investors.
The most discussed part will be when we see Solana spot ETFs. This is something that people want the most because it will apply direct buying pressure on Solana. This means issuers will have to actually hold tokens, increasing demand and driving the price up.
🚨JUST IN: @Fidelity, the $4.9 trillion asset manager, has filed for a Solana ($SOL) fund in Delaware, per state records.
This move mirrors the initial steps taken by Bitwise and Franklin Templeton ahead of their spot ETF filings, signaling a similar intent. pic.twitter.com/s59hFCvGjt
— SolanaFloor (@SolanaFloor) March 21, 2025
Other pros over futures ETFs are that they have a simpler structure and price track the real market value of SOL. Additionally, investors will hold them long-term, similar to physical gold ETFs. Last but not least, the trust factor will play a huge role in market maturity and confidence in Solana crypto.
Some of the cons that will persist with Solana spot ETFs are regulatory issues. It is much harder to see approval of spot ETFs. U.S. regulators are way more cautious about it than with futures ETFs. Custody risks are another problem in the basket because you have to store SOL tokens, which brings operational costs. Nevertheless, if that happens we can see big upside potential.
BREAKING🚨: $SOL ETF will be launched in 24 hours
Solana will renew the ATH – next step is above $400
During next days right $SOL Alts will make 100x+ returns
Here are the most promising ones after ~20h research👇🧵 pic.twitter.com/jxXmGrRhPB
— BLADE (@BladeDefi) March 19, 2025
Unlike spot ETFs, futures are easier to approve, as we’ve seen in the last article, and already exist. There is no need for custody and it is very accessible for traders to use. But this comes with a price, and that is there is no direct demand, as we said previously, and higher costs of operations. This makes them less appealing to long-term investors.
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Crypto versus Trump: Is Trump to Blame for Solana’s Fall?
From 2019 up until now, this has been a very polarizing theme. From skeptical, Trump has shifted his stance over crypto and even launched his own NFTs collection. We have seen previously Solana performing excellently right after Trump was elected and embraced blockchain technology.
Another controversial move that Trump made was the $TRUMP coin which was launched on Solana blockchain through his ICO. That had brought much skepticism and ethical concerns against his political position.
Solana crypto space is evolving despite all the bad news that is coming out at a rapid pace. Solana could be down, but spot ETFs could help fix the price in the future. That being said, Solana is constantly improving network stability and recently celebrated a full year without a major outage.
The shifting of big celebrities and political people into crypto also leads to wider adoption. The path forward most likely will balance out investors’ protection, market maturity, and innovation making the next step for crypto to be more about trust and technology.
Solaxy to Ease Solana Congestion Problem
With the fast-evolving pace of Solana, this could happen when we see more favorable market times. One of the main actors will be L2 projects. Solaxy is the first-ever Solana L2 blockchain that is going to unleash Solana’s full potential.
It has congestion-free transactions and will be integrated multi-chain, which means that the native token will operate between Solana and Ethereum. This will give it a huge advantage in terms of high liquidity and usability.
Early participation in the presale will get a promotional price.
Solaxy’s modular infrastructure will enable developers to create custom apps that will optimize performance. It will focus on the ability to support high-volume use cases, such as DeFi, NFTs, and meme coins.
Although it is still in the resale phase, the token price is only $0.00167 per 1 SOLX, which gives immense returns to people who are going to buy presales. They offer very tempting at a staggering rate of 149% APY. This means you will get over 1.5x free tokens from your presale buy in a year from staking.
Currently, they have gathered over $28 million which puts them in the frontier place of Solana L2 projects. Tokenomics is very tempting, giving over 30 % of the supply of presale for development and 10 % for listing, which is always very important. 15 % for marketing, 20 % for the treasury, and last but not least, 25% for rewards for the community.
For the latest updates on the project, connect with the SOLX community on X and Telegram
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