Do institutional investors are preparing to finally lift the veil on the still unexploited potential of Solana? Pantera Capital is convinced of this and affirms that an ETF Spot, expected from the fourth quarter, could upset the situation and propel soil in a new dimension.
In short
- Pantera Capital provides for the approval of an ETF Solana in Q4, likely to trigger a massive institutional request.
- Institutions have less than 1 % of the soil supply, compared to 16 % for Bitcoin and 7 % for Ethereum.
- Institutional soil assets represent less than a billion dollars, against 364 billion for Bitcoin.
- Helius Medical Technologies adopts Sol as a main reserve asset after funding of $ 500 million.
Are institutional investors ready to massively bet on an ETF Solana?
Pantera Capital, active manager recognized in the blockchain universe, sends a strong signal to the markets. According to the firm, the approval of an ETF SPOT Solana from the fourth quarter could trigger an institutional influx of an unprecedented scale. His analysis is based on an observation without appeal: professional investors largely underestimate Solana.
The figures speak for themselves. Today, asset managers do not even hold 1 % of the total soil supply, against around 16 % for Bitcoin and 7 % for Ethereum.
In value, the gap is even more striking: nearly $ 364.2 billion is allocated to Bitcoin, more than 30.7 billion in Ethereum, while Solana is barely one billion. This sub-letting contrasts strongly with the dynamics and performance of its network.
Because from the point of view of use, Solana is not lacking in assets. Pantera stresses that Solana's activity indicators regularly surpass those of Bitcoin and Ethereum.
Speed, low cost of transactions and strong adoption by payment stakeholders such as Stripe or Paypal testify to its growing role in the ecosystem.
“” We believe that Solana's adoption story has only just begun, offering greater asymmetrical rising potential. »»summarizes the company.
An analysis shared by Vugar Usi Zade, Director of Operation at Bitget:
In the future, we plan that the flows will be oriented towards active strategies and altcoin treasures. Solana distinguished itself by its high increase in high rise linked to its high volatility and its relatively low financing costs.
On the regulatory level, the file remains unanswered. The SEC rejected its decision on the Solana ETF on October 16, now a part of uncertainty. However, the market remains confident: many analysts anticipate an upcoming approval, reinforced by a favorable political climate under the Trump administration.
Helius opens the way, the market follows
The example of Helius Medical Technologies perfectly illustrates this current mutation. Listed at NASDAQ, the company has just raised more than $ 500 million via pipe funding, with the explicit objective of acquiring Solana (soil) as main reserve assets. A strong signal sent to traditional markets.
Dan Morehead, founder of Pantera Capital, describes Solana as a blockchain defining its category and the foundation on which a new financial system will be built.
In addition, this Treasury strategy on the ground is based on tangible advantages. Solana Stoking offers a gross yield of 7 to 8 %, compared to only 3 to 4 % for Ethereum and Zero for Bitcoin. In addition, the network displays a higher transactional capacity, with very low costs and a speed of execution which facilitates concrete use cases.
Adoption by heavy goods vehicles like Stripe and Paypal confirms this relevance. These integrations are not simple marketing operations: they demonstrate that Solana already meets the requirements of financial infrastructure in the real world.
Besides, the market has not remained insensitive. The ground lesson went from $ 144 at the end of July to a summit of $ 251 in mid-September, before consolidating around 220 dollars. An impressive progression, supported by a solid dynamic: 17 days of increase in the last 30 sessions.
If Bitcoin and Ethereum dominated 2024 on the institutional field, 2025 could well mark the turn for Solana. With a massive sub-letting, robust fundamentals and the perspective of an ETF Spot, all the ingredients seem to be gathered so that the ecosystem crosses a new CAP. The question is no longer whether Solana will attract institutional flows, but at what rate these capital will fill the valorization gap.
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