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Solana (SOL) is witnessing a considerable surge as BlackRock, the foremost global asset supervisor, intensifies its engagement within the blockchain realm. Solana declared the advancement in institutional acceptance.
## Institutional Acceptance Escalates with BlackRock’s $1.7 Billion Fund
Securitize, a specialist in tokenized securities, has introduced the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This $1.7 billion tokenized treasury fund, initiated on Solana, signifies a noteworthy achievement in institutional acceptance.
A pivotal attribute of the token is its profitability, implying that stakeholders can accrue gains by possessing the token. This mirrors the operational framework of conventional treasury funds in monetary sectors.
> Institutional stakeholders are present.
> Currently, @Securitize unveiled the most substantial yielding tokenized treasury fund (1.7B) BUIDL on Solana.
> BUIDL is dispensed by BlackRock, the globe’s foremost asset supervisor. Additional details from Fortune: [https://t.co/pFRrr341Kv](https://t.co/pFRrr341Kv)
> — Solana (@solana) March 25, 2025
Specialists propose that BlackRock and Securitize’s decision to employ Solana as their blockchain framework is quite telling. They surmise that the Solana ecosystem’s superior effectiveness, minimal expenditures, and rapid transaction velocities must have exerted a considerable influence on the verdict.
The Solana blockchain is becoming more robust, potentially assisting SOL’s expansion over time.
Currently, Solana is priced at $145.92, reflecting a 1.93% increase compared to the previous day. It has been recovering since falling to $124.54 the prior week.
## Could a Solana ETF emerge shortly?
Market participants anticipate that this resurgence and favorable updates will sustain the upward price trajectory. Solana aims to reclaim the $150 mark before investors contemplate its ascent to $200. This signifies the integration of blockchain technology into conventional finance, enhancing accessibility and potentially streamlining processes.
Furthermore, there are positive indications regarding asset management firms expressing interest in a Solana ETF. Cosmo Jiang from Pantera Capitals speculates that SOL could be the subsequent cryptocurrency, subsequent to Ethereum, to secure approval from the SEC.