According to data shared by Bloomberg ETF analyst James Seyffart, the top 30 institutional holders of U.S.-based spot Solana ETFs accumulated more than $540 million worth of these funds during the most recent quarter. This level of participation suggests that major financial players are steadily expanding their exposure to Solana-related investment products.

Electric Capital and Goldman Sachs Lead Institutional Buying

Among institutional investors, Electric Capital Partners, a venture capital firm based in Silicon Valley, emerged as the largest buyer. The firm reportedly holds around $137.8 million in Solana ETF exposure, placing it at the top of the institutional rankings.

Goldman Sachs followed closely behind with approximately $107.4 million invested in Solana ETFs. These two organizations represent the largest positions among institutional participants.

Other significant investors include Elequin Capital, SIG Holding, and Multicoin Capital, which round out the top five largest holders of Solana ETF exposure. In addition, well-known financial institutions such as Morgan Stanley and Citadel Advisors have also established positions in these funds.

The first spot Solana ETF in the United States was introduced by Bitwise on October 28, marking an important milestone for Solana’s presence in regulated financial products.

Breakdown of Institutional Ownership

The figures referenced in the data originate from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC). These disclosures are required from institutional investment managers overseeing more than $100 million in assets, providing transparency into their portfolio allocations.

Investment advisors currently represent the largest share of ownership in Solana ETFs, holding over $270 million worth of these products. Hedge fund managers follow with approximately $186.4 million in exposure.

Meanwhile, holding companies control about $59.5 million, brokerage firms account for $20.3 million, and banks collectively hold roughly $4.5 million in Solana ETF positions.

ETF Demand Remains Stable Despite Solana Price Decline

The combined institutional holdings correspond to roughly 4.3 million SOL tokens backing the ETFs. However, the market value of those tokens has declined significantly since the end of the fourth quarter.

During that period, Solana’s price dropped from $124.95 to around $86.53, representing a decline of more than 30 percent.

Despite this downturn, capital inflows into Solana ETFs have remained relatively resilient. Bloomberg ETF analyst Eric Balchunas noted that cumulative flows into these funds have held up well even as SOL’s market price moved lower.

Since their launch in the United States, spot Solana ETFs have attracted approximately $952 million in total inflows. Additionally, around half of the ETF assets are held by institutions required to file 13F reports, indicating that the investor base behind these products is becoming increasingly institutionalized.

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What Does WeSplit (SPLIT) Aim For?

The platform’s core purpose is to make it easy for friend groups, communities, and DAOs to manage shared expenses on-chain. WeSplit targets eliminating the common “who paid how much?” confusion found in traditional payment apps by providing an instant, transparent, and programmable sharing infrastructure with crypto assets.

The platform shifts the individual wallet logic from a “single-player” structure to a group economy model. This allows users not only to send and receive money but also to create shared budgets, make secure expenditures through multisig approval mechanisms, and make their financial interactions visible through social profiles.

Solana Infrastructure and Social Finance Layer

WeSplit technically operates on the Solana network. Solana’s high transaction speed and low fees provide significant advantages, especially for frequent and small-amount group expenses. Users pay no additional platform fees beyond standard blockchain transaction costs.

The project’s positioning goes beyond being just a “Splitwise-like” application. WeSplit defines itself as a social finance layer. In this approach, names, profiles, and community identities take center stage instead of wallet addresses. The goal is to run blockchain transactions in the background while making the user experience similar to traditional mobile payment apps.

Flexible Spending Models

One of WeSplit’s standout features is its adaptable sharing models for different spending scenarios. Since each group’s dynamics vary, the app offers flexible options instead of a single-type split:

• Fair Split: Equal distribution of bills or expenses.
• Customized Split: Each participant pays different proportions.
• Degen Mode: A more fun and risky option where who pays is randomly determined.
• Pooled Model: All participants contribute to a shared wallet and spend together.

These models can be adapted to various use cases such as travel, events, rent, group shopping, DAO expenses, or friend group organizations.

Squad Wallet: Shared Wallet Experience

At the center of WeSplit is the “Squad Wallet” shared wallet structure. This allows users to pool funds in a single shared wallet and manage expenses together.

The system operates with a multisig mechanism. This ensures group funds are not controlled by a single person; spending transactions require approval from designated members. This model provides a secure framework especially for community management and DAO structures.

Users can:

• Approve with a single tap
• Track expenses live
• View a transparent transaction history
• Set spending rules and savings goals

This approach combines on-chain transparency with social ease of use.

WeSplit (SPLIT) Social Identity and Profile Structure

WeSplit pushes the long and complex wallet addresses of classic blockchain experiences to the background. Users can send and receive payments using real names or nicknames. This makes transfers more intuitive.

Each user has an on-chain social profile on the platform. This profile consolidates payment history, joined groups, activities, and reputation elements under one roof. Additionally, users can reflect their digital identity through visual customizations such as avatar frames, profile themes, and wallet backgrounds.

In this way, WeSplit offers not only a financial tool but also a community-focused digital identity infrastructure.

Gamification and Points System

WeSplit turns daily expense sharing into a gamified experience. Users can earn points by making payments together, collect badges by completing tasks, and climb global rankings.

• Tasks and badges increase engagement
• Global leaderboard encourages users to stay active
• Features like Degen Mode add a competitive and fun dimension

This structure ensures the app becomes not just functional but also an ecosystem that boosts community loyalty.

What Is WeSplit (SPLIT) Used For?

The main use cases of WeSplit include:

• Sharing travel expenses
• Rent and shared living costs
• Event and organization budgets
• Group shopping
• DAO and community expenses
• Daily small payments and debt tracking

Instant and on-chain settlement with crypto assets provides advantages especially for international groups.

WeSplit (SPLIT) Usage and Security

To use WeSplit, all group members must join the platform. This way everyone can track expenses and provide necessary approvals.

On the security side, the multisig structure serves as the primary protection layer. Group funds cannot be moved by a single person. This provides additional security for both individual users and community structures.

The platform is free; users pay only standard Solana network transaction fees. Additionally, the app’s user experience is designed to be simple and understandable even for people with no crypto experience. Blockchain transactions run in the background.

WeSplit (SPLIT) Tokenomics

The native asset of the WeSplit ecosystem is the SPLIT token.

• Ticker: $SPLIT
• Total Supply: 120,000,000 SPLIT
• ICO Allocation: 100,000,000 SPLIT
• ICO Ratio: 83.33%
• Liquidity Pool Allocation: 17%
• Initial FDV: $360,000
• Monthly team allowance (from treasury): $10,000

The majority of the total supply has been distributed through public sale. The 17% allocated to the liquidity pool is designated to support the token’s market trading.

The tokenomic structure balances circulation and liquidity while providing for the team to sustain operational activities with a fixed monthly treasury allowance.

Official Links

• Website
• X (Twitter)

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At the time of writing, SOL is trading around $98-100, down 6.3% over the past 24 hours. The decline marks a clear shift in momentum, especially considering that Solana had only briefly dipped below $100 earlier this year before quickly recovering. This time, the sell-off appears more sustained.

Selling Pressure Accelerates

The recent price action has been sharp. Solana is down nearly 20% over the past week and approximately 25% over the last 30 days. Alongside the price decline, market activity has cooled. Daily trading volume has fallen 26% to $7.63 billion, suggesting that some of the intense weekend selling may be slowing rather than accelerating.

Derivatives data points in the same direction. Total derivatives volume has declined 21% to $19.26 billion, while open interest has dropped 5% to $6.15 billion. This pattern indicates that existing long positions are being closed, rather than aggressive new short positions entering the market.

Macro Headwinds Weigh on Sentiment

The weakness in Solana is not happening in isolation. The broader crypto market has been under pressure following a wave of liquidations driven by high leverage and thin liquidity. At the same time, expectations of tighter U.S. monetary policy have resurfaced after President Donald Trump nominated former Federal Reserve governor Kevin Warsh as the next Fed chair, a move widely interpreted as hawkish.

Geopolitical tensions, particularly rising concerns around U.S.–Iran relations, have further pushed investors toward safer assets, leaving crypto assets vulnerable in a risk-off environment.

Strong Network Activity Offers a Counterbalance

Despite the price decline, Solana’s underlying network metrics remain robust. In January, the network processed over 2.34 billion transactions, a 33% monthly increase, surpassing the combined activity of Ethereum, Base, and BNB Chain.

Institutional interest also shows resilience. While Bitcoin and Ethereum investment products recorded net outflows in January, U.S. spot Solana ETFs attracted $104 million in inflows, highlighting continued interest from traditional investors.

Key Price Levels to Watch

With $100 now broken, attention shifts to the $92–90 zone as the next area of potential support. Below that, $85 stands out as a previous consolidation area, while $80 represents a more significant long-term support level if selling pressure continues.

For momentum to improve, Solana would need to reclaim $100 and hold above it. Until that happens, any price rebounds are likely to be viewed as temporary recoveries within a broader downward trend.

This content is for informational purposes only and does not constitute investment advice.

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SKR Token Launch and Airdrop Structure

The SKR token will officially go live on January 21 at 02:00 UTC. At launch, up to 20% of the total token supply will be distributed through an airdrop targeting Solana Seeker users and ecosystem developers. On day one, 30% of the total supply will be unlocked, with two-thirds of that allocation dedicated specifically to the Seeker ecosystem.

A key component of the SKR rollout is the introduction of Guardians, a new delegation model within the network. Users will be able to delegate their SKR tokens to these Guardians, who are responsible for securing the network, validating devices, and helping curate the decentralized application marketplace. In return, token holders gain access to rewards and exclusive in-app functionalities.

The first ever Seeker Season has concluded, with over 265 dApps, 9 million transactions, and $2.6 billion in volume.

Thank you to the 100,000+ Seekers who participated.

Now, the next step: SKR launches on January 21 (UTC). pic.twitter.com/KKdmPpKJs2

— Seeker | Solana Mobile (@solanamobile) January 7, 2026

Solana Seeker and the Mobile Web3 Vision

The Solana Seeker represents Solana Mobile’s second blockchain-powered smartphone, designed to seamlessly integrate decentralized applications, crypto payments, and digital asset ownership into everyday mobile use. While support for the original Solana Saga device ended in October, Seeker has shown stronger adoption and broader ecosystem engagement.

According to shared metrics, the Seeker ecosystem has processed 9 million transactions across 265 decentralized applications, generating approximately $2.6 billion in trading volume. These figures are driven by a growing base of over 100,000 active users, highlighting increasing traction for Solana’s mobile initiative.

Token Distribution and Guardian Network

SKR has a fixed total supply of 10 billion tokens. During the token generation event, 2.7 billion SKR (27%) will be unlocked. Of this amount, 1 billion tokens are allocated to the community treasury, 1 billion to liquidity provisioning, and 700 million to growth initiatives and strategic partnerships. The Solana Mobile team will receive 15%, while 10% is allocated to Solana Labs.

The Guardian network will initially include well-known Solana infrastructure providers such as Anza, DoubleZero, Helius, and Jito, all of which will play a role in guiding the long-term development of the Seeker ecosystem.

A Strategic Challenge to Mobile App Gatekeepers

With this move, Solana Mobile continues to position itself as an alternative to the dominant mobile platforms controlled by Apple and Google. The SKR token launch reinforces Solana’s broader goal of expanding user choice, empowering developers, and redefining how decentralized applications are distributed and monetized on mobile devices.

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By leveraging Jupiter’s infrastructure for Solana token swaps, Coinbase is enhancing its ability to connect users with deeper liquidity and broader token coverage. This move positions Coinbase among a growing group of major platforms that are directly integrating decentralized liquidity solutions into their core products.

Coinbase on Solana: Broader Access Through Smarter Routing

At the center of this collaboration is Jupiter’s Metis API, which Coinbase has integrated to power Solana token swaps. Jupiter functions as a DEX aggregator, scanning multiple liquidity sources across the Solana network to identify the most efficient execution paths.

For Coinbase users, this means access is no longer limited to a narrow set of highly liquid assets. Instead, the platform can support a much wider range of Solana tokens, including emerging and lower-cap assets that may not typically be listed on centralized exchanges. The result is a more comprehensive Solana trading experience without requiring users to leave the Coinbase environment.

This model challenges traditional exchange listing constraints and reflects a broader shift toward modular, liquidity-agnostic infrastructure in crypto markets.

What Is Jupiter (JUP)?

Jupiter (JUP) is a decentralized finance protocol built on the Solana blockchain, designed to optimize on-chain trading and capital efficiency. While best known as a DEX aggregator, Jupiter’s product suite extends well beyond simple swaps.

The platform offers tools such as limit orders, dollar-cost averaging (DCA), cross-chain bridge functionality, and advanced liquidity routing. It also supports perpetual trading features and decentralized stablecoin liquidity aggregation, making it a multifunctional DeFi hub within the Solana ecosystem.

By combining these services with Solana’s low fees and high throughput, Jupiter enables fast and flexible trading strategies that are difficult to replicate on higher-cost networks.

Bridging Centralized Platforms and DeFi Infrastructure

The Coinbase–Jupiter integration highlights a broader industry trend: centralized exchanges increasingly rely on decentralized protocols to improve efficiency, coverage, and user experience. Rather than competing directly, CeFi and DeFi are becoming complementary layers within the same financial stack.

For Solana, this partnership enhances token visibility and accessibility while reinforcing the network’s role as a high-performance settlement layer. In the long term, such integrations may accelerate adoption by reducing friction between centralized platforms and decentralized liquidity, creating a more unified and efficient crypto market structure.

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How Spot-Quoted Futures Differ From Traditional Contracts

The newly introduced XRP and SOL products follow the same framework as CME’s existing spot-quoted Bitcoin and Ether futures. Unlike conventional futures contracts, which often trade at a premium or discount due to financing and carry costs, spot-quoted futures are designed to closely track real-time spot prices.

Instead of embedding financing costs into the contract price, these adjustments are calculated separately at settlement. This structure allows traders to engage with futures markets using spot-style pricing, without the need to manage contract expirations or rollover strategies.

CME’s Smallest Crypto Contracts to Date

The spot-quoted XRP and SOL futures are the smallest crypto contracts CME has launched so far. According to Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, strong interest in spot-quoted Bitcoin and Ether futures played a key role in expanding the product lineup to include additional digital assets.

Since their introduction in June, spot-quoted Bitcoin and Ether contracts have generated significant activity, with more than 1.3 million contracts traded. Average daily volume has reached approximately 11,300 contracts, while a single-day record of 60,700 contracts was set on November 24. These figures highlight growing demand for futures products that mirror spot market behavior.

Trading at Settlement (TAS) Now Available

Alongside the launch of XRP and SOL futures, CME Group has enabled Trading at Settlement (TAS) for these contracts and their respective micro versions. TAS allows traders to execute futures transactions at a defined spread relative to the 4:00 p.m. ET settlement price, before that price is finalized.

This mechanism is commonly used for managing risk around crypto ETFs, particularly during net asset value creation and redemption processes. TAS also supports block trades and anonymous execution through CME Globex, offering greater flexibility in trade execution.

A Broader Push Into Crypto Derivatives

This latest expansion follows CME’s earlier move to introduce options trading on SOL, Micro SOL, XRP, and Micro XRP futures in October, with daily, monthly, and quarterly expirations. Together, these developments underscore CME Group’s strategy to build a comprehensive crypto derivatives ecosystem.

By adding spot-quoted futures for XRP and SOL, CME is further aligning institutional trading tools with spot market dynamics, making crypto derivatives more accessible and efficient for sophisticated market participants.

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Record Outflows from Major Funds

CoinShares’ latest weekly report highlighted heavy withdrawals from Bitcoin and Ethereum funds. Bitcoin-focused funds alone saw $1.3 billion in outflows, while Ethereum funds lost $688 million. Even altcoins that had previously attracted significant capital, such as XRP and Solana, were not immune to the downturn. XRP funds experienced net outflows of $15.5 million, and Solana funds saw $8.3 million withdrawn.

Cumulatively, the past three weeks have resulted in $3.2 billion in fund outflows, indicating a notable decline in investor risk appetite.

Surprising Interest in Litecoin and Sui Funds

Amid this market turbulence, Litecoin and Sui funds recorded remarkable inflows. Litecoin funds received $3.3 million, while Sui funds attracted $6 million in new investments. Cardano funds also saw modest inflows of $400,000.

The influx into these altcoin funds suggests that investors are increasingly looking to diversify their portfolios during downturns. It also reflects confidence in the long-term potential of specific projects, even when broader market conditions are negative.

Rising Short-Bitcoin Positions

Investors anticipating further declines in Bitcoin are also becoming more active. Short-Bitcoin funds, which had seen $12 million in inflows last week, attracted another $9 million this week. These funds are designed to profit from Bitcoin price declines, providing a hedge for risk-averse market participants.

Overall, the current landscape indicates a broad market correction and growing caution among fund investors. However, the notable inflows into Litecoin and Sui funds demonstrate that even in volatile markets, some investors are ready to seize opportunities in selective altcoin projects.

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Bitwise’s Solana ETF Close Behind

XRPC’s impressive entrance narrowly outperformed Bitwise’s Solana-focused ETF, BSOL, which recorded $57 million in first-day volume. The tight competition between these two products underscores the growing rivalry among leading altcoin-based ETFs. Their early success positions XRP and Solana as the two dominant players in the digital asset ETF landscape heading into 2025.

Notably, the third-ranked fund of the year trailed these leaders by roughly $20 million in opening-day activity. This gap signals a heightened appetite for large-cap altcoins, particularly XRP and Solana, among both retail and institutional participants.

Institutional Demand for Altcoins Gains Strength

The strong debut of the XRPC ETF highlights an important trend: institutional capital is increasingly expanding beyond bitcoin and ether to include other major digital assets. While XRP’s spot price did not immediately react with a major surge, the fund’s volume clearly reflects rising demand for regulated, accessible investment vehicles tied to alternative blockchain networks.

The spot ETF format enables a broader pool of investors to gain exposure to assets like XRP, which has long been integrated into real-world payment systems. This easier access could amplify interest in the XRP Ledger’s scalability and cross-border settlement capabilities.

Can XRPC Maintain Its Momentum?

Despite the record-setting launch, questions remain about whether XRPC can sustain this pace in the coming weeks. Market observers are watching closely to see if opening-day enthusiasm translates into consistent inflows and long-term investor engagement.

The long-debated value proposition of XRP—centered on high-throughput transactions and practical payment utility—may play a decisive role in shaping the ETF’s performance over time. As institutions continue to evaluate blockchain-based settlement solutions, these fundamentals could support ongoing demand.

Looking ahead, the evolving competition between XRP- and Solana-focused ETFs is set to become one of the defining storylines of 2025. Their performance will offer valuable insights into how quickly institutional adoption of alternative digital assets is accelerating.

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Robinhood Sei (SEI) Listing!

According to information obtained from Robinhood’s official sources, Sei (SEI) will be available to investors starting from October 30, 2025. These listings highlight Robinhood’s expanding range of cryptocurrencies and reveal the platform’s strategy to offer users more diverse investment options.

This article may also interest you: Michael Saylor: Bitcoin Announces Year-End Price Prediction!

What is Sei (SEI)?

Sei is a Layer 1 blockchain developed for fast and low-cost financial transactions. It combines the security and reliability of Ethereum with the high performance of Solana. To date, Sei has processed billions of transactions across more than 45 million wallets. The project is backed by leading investors such as Multicoin Capital, Jump, Coinbase Ventures, and Circle Ventures.

These listings by Robinhood could particularly renew interest in projects similar to Ethereum and Solana. Making projects like Sei (SEI) accessible to a wide investor base may lead to an increase in trading volumes.

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As we all know, BTC and ETH spot listings already existed, and we were familiar with how they worked. However, this step for altcoins is a first and opens a significant door in the sector. Essentially, what used to be called a bubble is now beginning to be adopted by governments worldwide.

How Did the Process Work?

Earlier this September, the SEC issued a new regulation that included general standards to simplify the listing process for crypto/commodity ETFs. Thanks to this regulation, there was no longer a need for lengthy, separate reviews for each new product, and the process became considerably faster.

This article might catch your attention: Trump Media Enters Prediction Markets! Truth Predict Announced

Why Are Spot ETFs Important?

These spot ETFs provide investors with numerous benefits. The biggest advantage is that investors can invest in the ETF portion rather than directly in the crypto asset, securing themselves. Previously, investors could only do this for Bitcoin and Ethereum, but now they can invest in **Solana, Litecoin, and Hedera** without holding the actual crypto assets. In fact, Solana also offers **staking opportunities**, allowing investors to earn additional income through staking.

With the SEC accelerating this process, the acceptance of crypto assets in terms of ETFs is increasing day by day. Various expert opinions explain this situation as follows:

Thanks to these accelerated approvals, the flow of institutional capital into this segment could increase further, adding benefits to the existing crypto market in terms of liquidity.

Mainstream is now crypto again.

For the latest crypto news, click here now

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