According to @KobeissiLetter, Solana stablecoin supply increased by over $900 million in the last 24 hours. According to @KobeissiLetter, the move coincided with Jupiter launching an onchain-focused stablecoin and with Morgan Stanley filing for a spot Solana ETF, and the source added that crypto flows are rising again.

According to @CoinMarketCap, VanEck has selected Solana treasury firm SOL Strategies to provide staking services for its upcoming US spot Solana (SOL) ETF via the company's Orangefin validator, source: @CoinMarketCap. The update identifies the staking provider and validator but does not disclose staking reward rates, validator commission, fee sharing, or activation timing, source: @CoinMarketCap.

According to Eric Balchunas, the first-ever staked Ether and spot Solana ETFs could be launching soon, as the REX ETF filing has gone effective, indicating a likely near-term market debut. This development would mark the first spot Solana ETF, as currently only futures-based Solana products exist. The use of the '40 Act provides a faster path to market, although it requires additional regulatory steps. Traders should monitor these ETF launches closely, as their introduction could significantly increase institutional and retail access to both ETH and SOL, potentially boosting liquidity and impacting price action in the broader crypto market (Source: Eric Balchunas via Twitter, May 30, 2025).