CoinShares has formally withdrawn its S-1 filing for a Solana staking exchange-traded fund in the United States, ending a process last updated in September. The withdrawal comes as the firm prepares for a merger with Vine Hill Capital ahead of a planned US listing. Solana currently trades at $137.83 with a market capitalization near $77.1 billion, while analysts project potential upside supported by transaction growth and $613 million in spot ETF inflows.

Solana captured 99% of tokenized equity trading volume in October, market data show. The network maintained over 95% market share from July through October. Solana trades near $142 with weekly gains above 12% and daily volume exceeding $4 billion.

A major Solana holder has staked 49,000 SOL tokens valued at approximately $109 million, increasing their total staked position to over 761,000 SOL. The Bitwise Solana ETF has attracted $527.9 million in net inflows since November 10, according to market data. The moves reflect growing institutional interest in Solana despite recent price volatility.

Spot exchange-traded funds tracking Solana recorded their first net outflow since launch, totaling $8.1 million on Wednesday. The 21Shares Solana ETF drove the decline with $34.37 million in withdrawals. Bitwise and Grayscale funds partially offset the outflow, adding over $13 million and $10 million respectively.

South Korean exchange Upbit halted Solana deposits and withdrawals following a hot wallet breach on November 27 that drained approximately $36.8 million in SOL-based tokens. The incident affected one Solana wallet holding assets including SOL, USDC, BONK, and other ecosystem tokens. The platform immediately transferred remaining Solana assets to cold storage and froze roughly $8.2 million in tokens through collaboration with project teams.

Solana spot exchange-traded funds have logged cumulative inflows of $621 million across 21 consecutive trading sessions since launch. On November 25, institutions allocated $53.1 million into these products. SOL traded at $136.05 at press time, down 0.28% over 24 hours and 2.66% for the week, despite continued institutional demand.

Solana exchange-traded funds have recorded net inflows for 20 straight trading sessions since late October, marking one of the longest uninterrupted streaks among recently launched digital asset products. The funds attracted $58 million on Monday, with Bitwise's BSOL product accounting for $39.5 million of the total. SOL traded at $136.32 following a 5% daily gain.

Franklin Templeton will expand its crypto index ETF to include XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink starting December 1, 2025, according to an SEC filing. The move follows revised Cboe guidelines allowing funds to hold tokens listed in approved benchmark indices. Solana currently trades near $136, up more than 5% in 24 hours, while holding above a key $129 support level that has triggered recoveries throughout the year.

CME Group will launch spot-quoted futures contracts for XRP and Solana on December 15, pending regulatory approval. The new derivatives offer institutional investors direct pricing mechanisms and enhanced capital efficiency. Solana traded at $138.87 with a 4.76% daily gain, recovering from support near $120.