The cryptocurrency market is undergoing changes thanks to the first U.S. ETF investing in Solana, attracting institutional investor attention and expanding access to this asset.
Solana ETF Momentum in 2025
The REX–Osprey Solana + Staking ETF (SSK) marked a milestone as the first U.S.-listed ETF to directly invest in Solana while offering staking rewards near 7.3%. It launched on the Cboe BZX Exchange and hit $20 million in day-one trading volume, although with a 1.4% fee. The regulatory climate is shifting as well, with the SEC issuing new guidance on crypto ETFs in July 2025, which has sped up approval processes for additional Solana ETFs.
BONK: Solana's Meme Powerhouse
BONK continues to attract interest as the leading Solana-based meme coin. Its deflationary setup, with a scheduled 1 trillion token burn once it reaches 1 million holders, serves as a catalyst for supply reduction. Current wallet counts hover just below this mark, leaving the market watching closely. The BonkFun platform channels 50% of fees into BONK buybacks, generating roughly $17 million per month and supporting demand for BONK.
MAGACOIN Finance: A Serious Player with Strong Fundamentals
While Solana-based meme coins dominate headlines, MAGACOIN Finance carves a different path as a community-owned altcoin with strong DeFi fundamentals. With secure infrastructure and completed audits, MAGACOIN stands out for trustworthiness. Early supporters benefit from extra bonuses, which creates incentives for new investors.
As interest in Solana ETFs rises, associated altcoins like BONK and new players like MAGACOIN Finance may gain more attention. This presents opportunities for investors looking to diversify their portfolios.
