Liquid Collective has expanded its staking services to Solana by launching Liquid Staked SOL (LsSOL), marking a significant development in the institutional cryptocurrency landscape. The interoperable staking network announced this new offering on Wednesday in partnership with major industry players including oinbase">Coinbase, Kraken, Galaxy, Anchorage Digital, and Fireblocks. These strategic partnerships are designed to provide institutional investors with seamless access to LsSOL as professional interest in Solana continues to surge alongside regulatory discussions around potential SOL-based exchange-traded funds.
The timing of this launch appears strategic, given the substantial opportunity in Solana’s staking market. According to data from SolanaBeach.io, approximately $21 billion worth of SOL tokens remain unstaked, representing significant untapped potential. Of the currently staked SOL, only 14% utilizes liquid staking solutions, with Jito currently dominating this segment. This relatively low adoption rate suggests considerable room for growth as institutional investors seek more flexible staking options that don’t lock up their assets. Liquid Collective brings proven expertise to this space, having successfully managed over $1 billion in total value locked through its Ethereum-focused Liquid Staked ETH (LsETH) product.
Market analysts are expressing strong optimism about Solana’s institutional prospects, with predictions indicating a 95% probability of Solana ETF approval within the current year. VanEck’s head of digital asset research, Matthew Sigel, has projected that successful ETF approvals could drive between $3 billion and $6 billion in capital inflows during the first six months post-approval. Currently, seven Solana ETF applications are pending with the Securities and Exchange Commission, based on S-1 filings, creating significant anticipation in the market.
The launch of LsSOL reflects broader institutional trends in cryptocurrency adoption, as confirmed by oinbase">Coinbase’s lead of staking sales, Lewis Han, who noted that the product will be available through the exchange’s Prime Onchain Wallet. Han emphasized that adding LsSOL responds to growing institutional demand for secure and comprehensive custody and staking solutions. This development positions Liquid Collective to capitalize on the evolving crypto ETF landscape, where itcoin">Bitcoin funds have achieved historic success while Ethereum ETF demand, though initially muted, has shown significant improvement in recent months.
