Solana Spot ETF has been approved for listing! It includes staking rewards for the first time, is the altcoin Supercycle approaching?

The Crypto Assets market has reached a significant turning point. After years of waiting, the U.S. has approved the first Solana (SOL) Spot ETF—crucially, this ETF will include a stake rewards mechanism. This is not just a new product, but the beginning of a new model that integrates Wall Street capital with on-chain real yields. The shockwave has swept through the alts market.

On July 3, according to market data, the REX-Osprey SOL Spot ETF reported a trading volume of 33.914 million USD on its first day of listing.

Solana's move not only joins the ETF competition but may also ignite a super cycle for alts. Analysts believe this could be a key moment for alts to finally gain institutional-level recognition. If Solana successfully breaks through, XRP, Cardano (ADA), Litecoin (LTC), Dogecoin (DOGE), and even PENGU and other Meme coins may quickly follow suit. We may be standing at the starting point of an ETF domino effect that changes the landscape of Crypto Assets investment.

Solana ETF: alts legality meets real rewards

The highly anticipated Solana ETF has become the first altcoin spot ETF aside from Ethereum, which is significant. However, its truly unique aspect lies in its structure: the ETF includes staking rewards. In short, investors are not only holding SOL tokens — they can also earn yields. This is a first.

Solana has dominated the DeFi and Meme coin sectors in 2024-2025, with platforms like Pump fun and Jupiter driving its explosive growth. Today, with institutions like VanEck pushing for ETFs and rumors of interest from BlackRock, the institutional funding gate is slowly opening. Low fees, fast execution, and a thriving ecosystem make Solana a clear choice for large funds to allocate crypto assets beyond Bitcoin and Ethereum.

But this is not only beneficial for Solana, it is also a milestone for all alts. This ETF could set a precedent — proving that Layer 1 blockchains with real utility not only meet regulatory requirements but also attract traditional finance. If approved, the attitude of regulatory agencies and institutions towards crypto assets other than BTC and ETH may undergo a significant shift.

Who will be the next? Potential altcoin ETF candidates

The approval of the Solana ETF has sparked a new wave of speculation: which alts might follow closely behind to obtain ETF approval?

• XRP: The top candidate. Ripple has recently had continuous legal victories, and its role in cross-border payments, as well as its non-security status on exchanges, provides legal clarity, making it very "ETF-friendly". As Ripple expands in Asia and the Middle East, institutional interest has certainly heated up.
• Cardano (ADA): Following closely. Known for its degree of decentralization and academic rigor, ADA has a "development-first" narrative that may be recognized by regulators. The recent airdrop of the Midnight privacy protocol further enhances its ecosystem.
• Litecoin (LTC): The dark horse of ETF. Mainly due to its "age" and similarity to Bitcoin. It has been included in multiple institutional investment products and has a known halving cycle. It may be "boring," but because of that, it is a safe choice.
• Dogecoin (DOGE): Full of variables but cannot be ignored. Thanks to the Musk effect, DOGE continues to dominate mainstream media headlines. If the Meme coin ETF becomes a reality (frankly, it's quite possible), DOGE may take the lead.
• PENGU: An Emerging Competitor. This new Meme coin based on Solana has shown real appeal. Early filings and rising social media buzz indicate it is being taken seriously. If the market enters a full risk-on environment, even Meme coins might receive ETF treatment.

Timing and Conditions: Bullish Catalysts Come Together

The timing of the Solana ETF is perfect. Bitcoin has returned to $100,000 and is gaining momentum. When BTC starts, altcoins usually follow. With the additional factor of ETF approval, the conditions for a comprehensive altcoin super cycle are already in place.

The fact is, ETFs change everything: they lower the investment threshold, allowing traditional capital to flow in easily; they bestow legitimacy; they bring alts back into the mainstream media spotlight—just by exposure prices can be driven up.

We saw this scene in 2021: tokens surged in price simply because they became the focus of the market, not just driven by fundamentals. Now, with the backing of real financial products, the next round of market trend could be even more intense.

Why must we prepare immediately? Seize the opportunity of altcoin season

The Crypto Assets market does not wait for anyone. The biggest rewards belong to the early planners—before the crowd awakens. The time window brought by ETF approval is often brief. Once retail FOMO sentiment surges, the entry points will worsen, and the risks will rise sharply.

What should you do?

• Examine the Portfolio: Focus on alts with strong narrative logic and practical applications/user base (such as XRP, ADA, LTC, DOGE, PENGU).
• Keep an eye on ETF developments: Monitor regulatory agency documents and ETF application progress.
• Develop a trading plan: Clearly define entry points, take profit levels and risk management strategies.
• Make Good Use of Market Sentiment: Even without formal approval, if a certain altcoin becomes a hot topic due to expectations of being the "next ETF coin", its price may soar due to market speculation.

This could be a rare turning point, marking the entry of Crypto Assets into a new era. While no one can accurately predict its development path, one thing is clear: being prepared in advance is far better than sitting on the sidelines.

Summary

Solana ETF is not just a product. It is a signal, a gateway, a potential spark that could ignite the altcoin market — its scale may surpass that of the 2021 bull market.

Keep an eye on the charts and follow the news. Most importantly, develop your strategy — because this altcoin season might be the strongest one in history.