Institutional tailwinds: VanEck filed its 6th S-1/A for a spot SOL ETF; Grayscale’s GSOL enabled staking and is tradable via select U.S. brokerages. Coinbase AM × Apollo are rolling out stablecoin credit, and Ledn topped 1B YTD in BTC-backed loans. If the Fed ends QT at today’s FOMC, that’s fresh USD liquidity - rotation likely broadens beyond BTC. ⏫(Ciara Sun)