Home›ETFs & Funds›ETFs›Solana jumps more than 40% in August, lifting QSOL ETF…

Solana jumps more than 40% in August, lifting QSOL ETF appeal

Solana, now just over $100, rallied after a governance vote approved a change that doubles the annual disinflation rate to 30%, potentially reducing new SOL entering circulation.

Reported · Written up by our desk · ETFs

Solana surged more than 40% in August, a move that could improve sentiment for investors seeking exposure through the Invesco Galaxy Solana ETF, QSOL, according to ETF Trends.

The article points to Solana’s supply structure, noting it is not capped, but highlights that a recent governance vote will cut the amount of new supply coming to market. Crypto Briefing reports that the network approved SGP-0002, which doubles the annual disinflation rate from 15% to 30%, shrinking the pace of new SOL entering circulation.

ETF Trends also cites a schedule change tied to the proposal, saying it moves Solana’s target for reaching a 1.5% terminal inflation floor from roughly 2032 to 2029, three years earlier. The piece adds that Solana would need to nearly double from just over $100 to reach $200, and frames that as a longer term scenario for QSOL holders.

The article further argues that institutional interest in Solana ETF products is already strengthening, citing the Bitcoin Foundation on continued ETF inflows and referencing network upgrades such as Alpenglow and Firedancer. It also notes that in late August, one session attracted more than $60 million in net inflows.

Latest closeBitcoin $77,351.59 ▼1.5%|Solana $100.03 ▼2.9%

More like this

Sources