#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#SOL ETF Updates#
As june 16 2025 top asset managers like Franklin Templeton VanEck Galaxy Digital and others submitted updated S-1 filings with the SEC to launch spot Solana SOL ETFs.
This shows growing institutional interest in making Solana more accessible to traditional investors.
A Shift in Regulatory Tone
The chances of approval have improved due to a change in SEC leadership.
Under the new SEC Chair Paul Atkins appointed after Trump’s re-election the regulatory tone appears more crypto-friendly.
This shift is giving the market hope that a Solana ETF might finally gain approval.
Key Roadblocks
Despite optimism there are still major hurdles. Solana lacks a regulated futures market something that helped Ethereum and Bitcoin ETFs get approved.
Also the SEC has hinted that Solana could be a security which adds legal uncertainty. Plus, network reliability is a concern due to past Solana outages.
Market Impact if Approved
If a spot Solana ETF gets approved, it could lead to major inflows of institutional capital. This would likely boost Solana price and increase its legitimacy among traditional investors.
A new ETF could also bring more attention to Layer 1 blockchain ecosystems outside Bitcoin and Ethereum.
Broader Crypto Benefit
Approval wouldn’t just help Solana it could signal the beginning of ETF access for other altcoins.
This could lead to broader adoption of crypto in traditional finance further integrating digital assets into portfolios and retirement accounts.
Final Thoughts
A spot Solana ETF isn’t guaranteed, but it’s more likely now than ever.
Approval would be a game changer for both Solana and the wider crypto market. However investors should stay cautious due to regulatory and technical uncertainties.