Solana Listed on Nasdaq as Solaxy, the First SOL Layer-2, Raises $46M
The post Solana Listed on Nasdaq as Solaxy, the First SOL Layer-2, Raises $46M appeared on BitcoinEthereumNews.com. The NASDAQ has been bringing crypto and traditional investing together since 2025. With the June 7 filing of a standard K-8 fund, the Nasdaq noted that its standard Nasdaq Crypto US Settlement Price Index (NCIUS) would add four new cryptos – Cardano, Solana, Stellar Lumens, and XRP Ledger – to its current roster of Bitcoin and Ethereum. The move sets up the potential for the first-ever multi-asset crypto ETF, and signals crypto’s continued ascension to the upper ranks of the financial world. The news comes on the back of reports that BlackRock’s Bitcoin ETF just became the fastest-ever ETF to reach $70B in total assets. Add it all together, and it’s clear that the finance world has expanded beyond recognizing just $BTC and $ETH. Solana’s $83.7B market cap could be set to swell even further on the back of a potential Nasdaq listing and possible ETF inclusion. And any growth could skyrocket when critical upgrades like Solaxy, Solana’s first-ever Layer-2, provide a much-needed boost to Solana scalability and reliability. ETFs: Kind Of A Big Deal Exchange-Traded Funds (ETFs) are pools of assets listed on exchanges, letting ordinary investors gain exposure to the underlying assets without purchasing them directly. That makes them great for retail investors who may not want the struggle of setting up a crypto wallet – even a simple wallet like Best Wallet app. However, ETFs are also appealing to institutional investors, who use ETFs to diversify their portfolios. $BTC and $ETH ETFs both caused a spike in the price of their respective cryptos when they launched last year, and have been widely credited with fueling a steady increase in demand. Currently, $BTC ETFs account for 6% of the total Bitcoin market cap; $ETH ETFs hold 3.13%. In both cases, that’s a significant percentage of the total market…
The post Solana Listed on Nasdaq as Solaxy, the First SOL Layer-2, Raises $46M appeared on BitcoinEthereumNews.com.
The NASDAQ has been bringing crypto and traditional investing together since 2025. With the June 7 filing of a standard K-8 fund, the Nasdaq noted that its standard Nasdaq Crypto US Settlement Price Index (NCIUS) would add four new cryptos – Cardano, Solana, Stellar Lumens, and XRP Ledger – to its current roster of Bitcoin and Ethereum. The move sets up the potential for the first-ever multi-asset crypto ETF, and signals crypto’s continued ascension to the upper ranks of the financial world. The news comes on the back of reports that BlackRock’s Bitcoin ETF just became the fastest-ever ETF to reach $70B in total assets. Add it all together, and it’s clear that the finance world has expanded beyond recognizing just $BTC and $ETH. Solana’s $83.7B market cap could be set to swell even further on the back of a potential Nasdaq listing and possible ETF inclusion. And any growth could skyrocket when critical upgrades like Solaxy, Solana’s first-ever Layer-2, provide a much-needed boost to Solana scalability and reliability. ETFs: Kind Of A Big Deal Exchange-Traded Funds (ETFs) are pools of assets listed on exchanges, letting ordinary investors gain exposure to the underlying assets without purchasing them directly. That makes them great for retail investors who may not want the struggle of setting up a crypto wallet – even a simple wallet like Best Wallet app. However, ETFs are also appealing to institutional investors, who use ETFs to diversify their portfolios. $BTC and $ETH ETFs both caused a spike in the price of their respective cryptos when they launched last year, and have been widely credited with fueling a steady increase in demand. Currently, $BTC ETFs account for 6% of the total Bitcoin market cap; $ETH ETFs hold 3.13%. In both cases, that’s a significant percentage of the total market…
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