Solana News: Solana Flexes Huge Institutional Wins, SOL Hits $200+

Market Overview - Confidence is returning to the market as the Crypto Fear and Greed Index has improved from "Fear" to "Neutral" following the October crash [1] Bitcoin and Altcoin Performance - Bitcoin has increased by 6% over the week, reaching $114,000, driven by expectations of a Fed rate cut and a potential U.S.-China trade deal [2] - The overall market capitalization of the sector has risen by 8% to $254 billion, with trading volume increasing by 17% to $21 billion [2] Solana Developments - Solana's institutional appeal is growing, with Bitwise launching the first Solana staking ETF, BSOL, on the New York Stock Exchange [3] - Grayscale is set to launch its Solana Trust ETF, despite the ongoing U.S. government shutdown [3] - Fidelity has begun offering Solana trading across all its platforms, enhancing access for retail and institutional investors [3] - Solana's price has risen by 10% this week, surpassing the $200 mark ahead of significant ETF launches [4] Solana's Total Value Locked (TVL) - Solana's total value locked has increased by 6% to $11.8 billion, with BNB Chain following at $8.7 billion [5] Decentralized Finance (DeFi) Trends - Solana leads in daily revenue among competing L1 and L2 chains [6] - Decentralized exchange (DEX) volume has decreased by 21% this week, indicating a shift away from these platforms [7] Notable News in Solana Ecosystem - Solana DEX Jupiter has launched a beta predictions market in collaboration with Kalshi, with a full rollout expected in Q4 2025 [9] - Citadel has made a multimillion-dollar investment in DeFi Development Corp., which is accumulating Solana assets, signaling increased institutional interest [10]