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Solana is drawing attention following several spot ETF filings submitted to the SEC. Market participants are closely watching potential approvals that could influence SOL’s short-term price dynamics.
Meanwhile, the emerging PayFi project Remittix (RTX) has drawn notice for project-reported development items such as a wallet beta, a CertiK-related verification claim, and planned cross-border crypto-to-bank transfers.
Commentary has noted interest in both Solana and Remittix, as each represents a different approach to scalability and payment integration within blockchain networks.
Solana ETF Filings and Institutional Adoption
Solana trades near $199. Several spot Solana ETF filings, some of which include staking components, are expected to undergo SEC review by mid-October. These filings suggest increasing institutional interest and may influence Solana’s market outlook over both the short and long term.
If approved, these ETFs could affect liquidity and participation in SOL markets, although the extent of any impact is uncertain and dependent on market conditions.
Recent S-1 amendments for proposed spot Solana ETFs have been filed by major asset managers such as Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital. These documents outline fund structures, associated risks, and operational mechanisms.
ETF analyst Nate Geraci described mid-October as a “significant period” for digital assets, referencing potential SEC decisions regarding Solana ETFs. Separately, the REX-Osprey Solana Staking ETF debuted on the Cboe BZX Exchange, posting $33 million in first-day trading volume and $12 million in inflows. Pantera Capital said Solana could be “next in line” for wider institutional participation, reflecting growing interest among professional investors.
Remittix: PayFi Project and Reported Development Updates
Remittix states that it has raised over $26.7 million and distributed more than 672 million tokens during its token-sale phase, with a current token price of approximately $0.1130. The project says it is focused on use cases such as crypto-to-bank transfers in more than 30 countries.
The project also references CertiK materials and says its wallet beta is available for testing. Any comparisons with established cryptocurrencies are speculative and do not account for differences in maturity, scale, and risk.
Project-described features include:
- Global crypto-to-bank transfers across 30+ countries
- Live wallet beta available for community testing
- Deflationary tokenomics described as aimed at long-term ecosystem balance
- Payment infrastructure positioned for financial applications
- CertiK-related verification claims presented as audit/assessment information
These points describe how Remittix says it plans to connect blockchain functionality with existing financial rails.
Conclusion
Solana’s market outlook continues to be influenced by ongoing ETF reviews and proposed staking components. Any SEC decisions may affect market participation, but outcomes and market reactions are uncertain.
Remittix, meanwhile, reports $26.7 million raised, more than 672 million tokens distributed, and a wallet beta available for testing. Together, Solana and Remittix illustrate two different areas of focus in crypto markets: one centered on regulated investment products, and the other on payment utility.
Project links (for reference):
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
