This week, the Solana blockchain attracted attention from institutional investors due to several key events in the financial markets.
Success of REX-Osprey Solana ETF
The ETF market welcomed a new product — the REX-Osprey Solana + Staking ETF, which launched successfully in the US with a trading volume of $33 million on its first day. This is the first crypto ETF offering direct staking rewards. By the end of the first day, the ETF had gathered approximately $1 million in assets under management, with projections suggesting this figure could increase to $10 million by the second day. This event highlights the growing interest among users for quality crypto products.
Systematic Rise of Solana Among Institutional Investors
The selection of Solana for the ETF signals increasing interest in the Layer 1 ecosystem. Despite regulatory uncertainty, products like REX-Osprey demonstrate that investors are seeking income opportunities in a regulated environment. Solana stands out due to its high transaction speed and low fees, making it one of the top-performing altcoins in 2025.
Plans of Defi Development Corp
Defi Development Corp has announced a $112.5 million convertible note offering. The funds are intended to be used for acquiring additional Solana assets and a stock repurchase program. The company has shifted its strategic focus to the Solana ecosystem and now operates validator nodes on the blockchain.
Recent events highlight the growing interest of institutional investors in Solana and the opportunities provided by regulated financial products. The further development of ETFs and financing strategies will support continued interest in the blockchain.
