Organizational movements in a volatile market do not happen by accident.
On the macro side, things still look very precarious. More than $100 billion has flowed out of crypto this week, raising the total market to $1.99 trillion, levels not seen since September 2024.
Obviously, the market is in a weak phase, where a technical decline may begin to be associated with weaker signals.
But has Solana started to separate from what is happening? From a technical point of view, SOL’s 5.7% weekly output shows that it is still following the weakness of the market, and a move to $60 is not off the table if the pressure continues.
That said, Grayscale’s move has sparked interest in the SOL Q3 launch.
As the above highlights, Grayscale has cut its Spot Solana (SUN) The ETF’s annualized return to 0.19%, down from 0.35%. Importantly, this puts it among the cheapest Solana ETFs in the market (tied by FT), which is a drastic change from its previous position.
However, when you look at Morgan Stanley’s recent moves, Grayscale’s decision doesn’t seem random. On Thursday, the company filed a Form S-1 filing with the SEC for its ETF line, indicating that it plans to reduce its market offering with a 0.14% fee for the Solana ETF (MSOL).
Instead, Grayscale appears to be running a fee-for-service ETF.
In particular, time is of the essence here. Solana’s technical preparation is still weak, but the interest of the institutions has not disappeared. In fact, it seems that the stoppage is continuing or going around quietly even though the stock market is soft.
And when you consider Solana’s experience on the chain, these good moves don’t seem random.
The concept of Institutional flow in the implementation of Solana Q3
The market is betting on solid fundamentals for Solana over the next 18 months.
At the development level, this is driven by changes in tokenomics, asset trading, and new ideas on meme currency and AI games. On top of this, the Solana section of the RWA is already seeing activity this year.
The RWA ecosystem has surpassed $3.10 billion in total value, a new hit, while the number of shareholders has surpassed 290,000.
Supporting this view, Multicoin co-founder Tushar Jain says Hyperliquid (HYPE) and “add-ons” to the SOL firm, with Solana leading in real estate trading, while Hyperliquid leads in derivatives. Jain adds that while the two may compete, Multicoin expects both to win the entire division.
In light of this, Grayscale’s latest move outpaces the paid competition.
Further supporting the Solana ETF, Kazakhstan Stock Exchange (KASE), one of the largest exchanges in Central Asia, has listed the Volatility Shares Solana ETF (SOLZ). addition part of the institutional access and global distribution to environmental history.
So, calling Solana’s Q3 launch a solid SOL strategy wouldn’t be far off. In fact, with the strength of the ETF and the signals starting to change, Solana seems to be entering a phase where the institutional movement can begin to meet the requirements.
