Investors can’t stop talking about spot Solana ETFs.
We could see the first of these ETFs as soon as July, which means buying SOL through your brokerage account instead of wrestling with crypto wallets.
If history is any guide, that kind of accessibility tends to create demand.
So, let’s break down what these ETFs are, how they might impact SOL, and which other altcoins could benefit.
What Spot SOL ETFs Are, When They Might Go Live, and Why SOL Could Pump
A spot Solana ETF holds the actual asset – in this case SOL – rather than futures, so it tracks price movements more directly. Several big firms (Bitwise, Grayscale, VanEck, and more) have filed with the SEC, and some analysts think we’ll get a green light by July. Yet others say October is more realistic.
Canada’s 21Shares Solana ETF went live in April, so the precedent is already established, even if U.S. regulators tend to move at a slower pace. If these funds do eventually hit the market, retail and institutional demand could mirror the $3 billion inflow that spot BTC ETFs saw in their first month.
Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs. pic.twitter.com/UMzih4oou7
— Eric Balchunas (@EricBalchunas) June 10, 2025
Bitcoin’s spot ETF rollout also sent the price of BTC soaring. SOL could see a similar pump, though part of the excitement may already be baked in. The market mood at launch will also matter – an “altcoin season” could boost gains, while a flat or down market might keep SOL muted.
Either way, approval would legitimize Solana in the eyes of investors, and that’s no small thing. All eyes are on those looming SEC deadlines – they’ll tell us when we can expect the ETFs to hit the market.
Solaxy (SOLX) – The New Solana Layer-2 That’s Raised $54M in Presale
Solaxy (SOLX) is in the final stage of an enormous presale – over $54 million raised – and it’s positioning itself as Solana’s first Layer-2 network. It’s a fast, low-fee Layer-2 with a meme coin launchpad, where you can create new coins in seconds and instantly launch them on a built-in DEX.
The project has built a 74,000+ following on X (Twitter), and they’re aiming to launch the mainnet in early July. With SOLX tokens available for $0.001766 each and staking rewards set at 78% for early backers, there’s huge buzz – and even several crypto whales have gotten involved.
If spot Solana ETFs lift SOL’s profile, Solaxy could benefit: more liquidity, more eyeballs, and – hopefully – a bump in SOLX’s price. YouTuber Borch Crypto thinks this is a possibility, calling Solaxy the “best crypto presale to buy now.”
As always, execution counts. If the team keeps its promises, Solaxy might be set to capitalize on the SOL ETF buzz. Visit Solaxy Presale.
Raydium (RAY) – DeFi DEX Set for Solana ETF Liquidity Boom
Raydium (RAY) has been around since early 2021 and remains one of Solana’s go-to DEXs. It features liquidity pools, yield farming, and staking (plus governance votes), all humming along at lightning speeds and low fees.
Their “AcceleRaytor” launchpad and NFT marketplace add extra layers of utility – early access to new token sales and collectible drops. Plus, with RAY’s supply capped at 555 million (34% set aside for liquidity mining) and a market cap of over $545 million, it’s a serious part of Solana’s DeFi space.
A spot SOL ETF should bring fresh trading volume and liquidity, which means more fees and yield for RAY stakers. It might also give Raydium’s launchpad a boost, attracting new projects and partnerships. Overall, if SOL receives ETF approval, Raydium would be one of the top altcoins to benefit.
Bonk (BONK) – Popular Meme Coin Ready to Capitalize on Solana’s Rally
Bonk (BONK) isn’t about advanced utility – it’s simply a meme coin. Launched in December 2022, it airdropped half its token supply into the hands of NFT collectors, devs, and community members. It also burns a slice of transaction fees to chip away at that supply over time.
Today, BONK trades at $0.0000139, and its community of 942,000+ holders drives its on-chain use cases in gaming and marketplaces. If the Solana ecosystem gets an ETF boost, you could see speculation flare up again – increasing demand for Solana-based meme coins like BONK.
Also, more active users on Solana means more opportunities for Bonk to be integrated into new dApps. So, while it might be 78% below its all-time high, BONK could rebound aggressively if we see spot SOL ETFs go live.
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