Solana’s New Liquid Staking Token: The Best Thing Since Sliced Bread? 🥖💰

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In a twist of fate fit for a theatrical farce, Liquid Collective has unleashed its liquid staking token upon the illustrious shores of Solana (SOL). A prescient move, indeed, as the glittering eyes of institutional titans gaze greedily upon the network, all while pondering a buffet of upcoming SOL-based exchange-traded funds (ETFs). 🍽️

On a rather splendid Wednesday, the interoperable staking juggernaut unveiled Liquid Staked SOL (LsSOL), hand in hand with notable partners such as Coinbase, Kraken, Galaxy, Anchorage Digital, and Fireblocks. Together, like an unsuspecting band of merry pranksters, they shall cater to the voracious appetite of anxious institutional investors yearning for a taste of Solana. 🍹

According to the oracle from SolanaBeach.io, a staggering $21 billion in SOL appears to be lounging unstaked, like an idle aristocrat at a masquerade ball. Of the staked SOL, a majestic 14% has been coaxed into the arms of liquid staking solutions, with Jito prancing ahead as the market leader, according to the wise sages of industry data. 📊

Liquid Collective, celebrated for its Ethereum staking pedicure, boasts its Liquid Staked ETH (LsETH) with over $1 billion locked up tighter than a miser’s wallet, as per the oracle of Dune. Meanwhile, Ether (ETH) staking has reached dizzying heights in June, flaunting a staggering 35 million ETH comfortably stashed away on the network. 💎

As they dip their toes into Solana’s waters, the protocol embraces its noble mission of supporting staking not only in Ethereum, but across a whole menagerie of blockchains. Quite the generous benefactor, one could say. 🎩

Coinbase’s own Lewis Han, who heads the illustrious world of staking sales, confirmed that LsSOL will be showcased through the esteemed exchange’s Prime Onchain Wallet. Han trumpeted a grand story, claiming that the addition of LsSOL highlights a surge in institutional yearning for “secure, comprehensive custody and staking solutions.” Well, how poetic! 📖

Analysts Smirk with a 95% Chance of Solana ETF Approval This Year

Liquid Collective and its merry band of partners declare, with the boldness of a caffeinated cat, that products like LsSOL are poised to become the darlings of institutional crypto aficionados, marking staked assets as pivotal in the grand market tapestry. 🧵

The anticipated nod of approval for several Solana ETFs could unleash a veritable tidal wave of capital. VanEck’s head of digital asset divination, Matthew Sigel, foresees a fantastical influx of somewhere between $3 billion and $6 billion swooping into the market within six short months following the sacred seal of approval. 📈

At present, seven Solana ETF applications lie in wait, resting comfortably within the chambers of the US Securities and Exchange Commission’s S-1 filings. How tantalizing! 💤

Since the dawn of American crypto ETFs in 2024, the tale of two disparate markets has unfolded like a melodrama. Bitcoin (BTC) funds have soared to the heights of legend, while Ether ETFs have experienced a more lackluster reception akin to a bad date. Still, fresh data hints that the tide may be changing, with ETH inflows putting on their dancing shoes in recent months. 💃

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2025-07-16 16:19