Recent discussions in the market about the potential approval of the Solana ETF in October seem to overlook a more important development: the channels for institutional funds to enter the Solana ecosystem have quietly been established. This trend is reshaping the landscape of cryptocurrency investment.

The successful listing of SOL Strategies on Nasdaq marks the beginning of a new era. The company provides traditional investors with a convenient way to invest in Solana, cleverly bypassing the complex encryption native environment. The company's leadership stated that they plan to follow the successful model of Bitcoin mining and complement potential ETF products.

What is even more noteworthy is the strategic partnership between Pudgy Penguins and Sharps Technology. This collaboration is not just a superficial brand alliance, but a deep integration of a globally recognized IP with a $400 million Solana fund. This innovative model is expected to generate significant synergies: enhancing brand awareness may drive up related stock prices, thereby attracting more funds into the Solana ecosystem.

Galaxy Digital's move to directly tokenize its company stock on the Solana network further highlights Solana's potential as a foundational settlement layer for future digital securities. This initiative indicates that institutional investors no longer view Solana merely as a speculative asset, but have recognized its long-term value in financial infrastructure.

On-chain data also confirms this trend. The locked value in Solana DeFi has surpassed $12.1 billion, the market capitalization of stablecoins has reached $12.5 billion, and the futures open interest has set a new high of $7.59 billion. These figures reflect substantial institutional capital allocation behind them.

Overall, while the approval of ETFs remains a focal point of market attention, the Solana ecosystem has attracted significant institutional funds through diversified channels. This trend may signal a major shift in cryptocurrency investment methods, making the integration of traditional finance and blockchain technology more closely knit.