Solana’s micro strategy? Canada’s Sol Strategies is betting $25 million on SOL

• Canada-based Sol Methods has raised extra capital for its SOL investments.
• A crypto VC predicted a bullish end result for SOL if ETF is authorized.

Solanas [SOL] MicroStrategy’s equal, Sol Methods, secured a CAD$25 million (roughly USD$17.4 million) credit score to buy SOL tokens and renew its staking providers. A part of the assertion from the Canadian-based firm read,

“The corporate plans to deploy these tokens throughout its core focus areas throughout the Solana ecosystem, together with decentralized finance protocols, validator operations and strategic liquidity provision to rising Solana-based tasks.”

SOL ETF expectations

Institutional curiosity within the Layer-1 platform may explode within the coming months below US affect SOL ETF expectations.

Based on Andrew Kang of crypto VC Mechanism Capital, SOL was comparatively undervalued in comparison with community development, forward of the seemingly ETF approval within the first quarter.

Moreover, Kang cited a scarcity of grayscale-like provide as key catalysts for SOL’s worth. He acknowledged,

“Virtually one specific SOL ETF has been authorized this yr, if not within the first quarter, with approval deadlines in January-March. No grayscale overhang like with ETH”

On the time of writing, bettors on the prediction website Polymarket estimated a 74% probability of approval of the SOL ETF in 2025.

Supply: Polymarkt

Nonetheless, SOL confronted short-term headwinds from the macro setting. Latest US financial knowledge strengthened persistent inflation, which may derail the Fed’s 2025 charge reduce and hit dangerous property.

The markets tumbled after the macro replace, however crypto dumped the toughest. SOL gave again latest beneficial properties, erasing your entire early January restoration.

It fell 13% and fell under $200 on the time of writing. The subsequent essential help ranges have been at $190 and $175.

Supply: SOL/USDT, TradingView