bullish

Solana

ETF COIN

BlackRock

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<a href="https://u.today/solana-co-founder-trashes-l2s-says-l1s-are-faster-and-more-secure" rel="noopener noreferrer nofollow">Solana</a> (SOL) has witnessed a significant development as BlackRock, the world’s largest asset manager, has made inroads into the blockchain. In an <a href="https://x.com/solana/status/1904526621547388991" rel="noopener noreferrer nofollow">update</a> shared with members of the community, Solana announced its progress in terms of institutional adoption.
<h2 id="institutional-adoption-grows-with-blackrock-s-1-7-billion-fund">Institutional adoption grows with BlackRock’s $1.7 billion fund</h2>
Securitize, a company specializing in tokenized securities, has launched the BlackRock USD Institutional Digital Fund (BUIDL). The unveiling of this $1.7 billion tokenized treasury fund on Solana signals a remarkable milestone in institutional adoption.
A key feature of this token is that it is yield-bearing, which means that investors can earn returns from holding the token. This is similar to how traditional treasury funds operate on financial markets.
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 The institutions are here.Today <a href="https://twitter.com/Securitize?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Securitize</a> launched the largest yield-bearing tokenized treasury fund ($1.7B), BUIDL, on Solana.BUIDL is issued by BlackRock — the world’s largest asset manager. More from Fortune:<a href="https://t.co/pFRrr341Kv" rel="noopener noreferrer nofollow">https://t.co/pFRrr341Kv</a>— Solana (@solana) <a href="https://twitter.com/solana/status/1904526621547388991?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 25, 2025</a>
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Analysts say<a href="https://u.today/blackrock-leads-funding-round-for-securitize-with-focus-on-tokenization" rel="noopener noreferrer nofollow">BlackRock and Securitize's</a> choice to use Solana as their blockchain infrastructure speaks volumes. They opine that the Solana ecosystem's fast transaction speed, low cost and efficiency must have played a huge role in the decision.
The move further solidifies Solana’s blockchain infrastructure and could drive SOL's long-term growth.
The development highlights how traditional financial products can be integrated into blockchain networks. This increases their accessibility and potentially makes them more efficient.
<h2 id="could-potential-solana-etf-be-in-the-making">Could potential Solana ETF be in the making?</h2>
As of press time, the Solana price was <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">changing</a> hands at $145.92, a 1.93% increase in the last 24 hours. The coin continues its rebound moves after crashing to a low of $124.54 in the last seven days.
Market participants hope the current recovery and bullish news will further sustain price action. Solana is looking to regain the $150 resistance level before investors can become hopeful of breaching the psychological $200 mark again.
Other positive developments for Solana are institutional interest from asset managers seeking a spot for the Solana exchange-traded fund (ETF). Pantera Capital's VPCosmo Jiang is highly optimistic that SOL could become the next altcoin after Ethereum to <a href="https://u.today/solana-etf-to-be-next-pantera-capital-points-out" rel="noopener noreferrer nofollow">have its ETF approved</a> by the U.S. SEC. <a href="https://u.today/blackrock-expands-blockchain-footprint-to-solana" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

BlackRock Expands Blockchain Footprint to Solana

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