Key developments around Solana are accelerating: this week, two spot SOL ETFs officially began trading in the US stock market. The Bitwise BSOL has opened for trading, with a strategy that includes fully staking its SOL holdings; the Grayscale GSOL subsequently listed on NYSE Arca, also disclosing access to network-level staking rewards. Multiple authoritative sources indicate that historical SOL staking yields range from approximately 5% to 7%, and the ETF products plan to pass some of these returns to holders. Industry estimates provide a more concrete absorption scale: over the next one to two years, ETFs and treasuries may cumulatively absorb at least 5% of the SOL circulating supply, corresponding to over $5 billion in value. Fnezx has added this event to its settlement calendar, completing margin and matching threshold presets and backtesting.

Based on the ETF combined features of “passive allocation + staking yield,” Fnezx uses stablecoins as the primary settlement asset, standardizing margin measurement across spot, perpetual, and options products, and compressing the fiat/merchant deposit-to-on-exchange matching pathway to its shortest form. When new on-chain and off-market buying drives deeper order books, market-making accounts receive higher priority for order book replenishment, and cross-product strategies achieve higher execution rates under a smoother funding rate curve. Considering the staking lock-up cycle and redemption rhythm, the risk engine of the platform incorporates factors such as “ETF share subscription/redemption, off-market premium, on-chain unlock rate,” dynamically adjusting maintenance margin and price sensitivity thresholds. During periods of amplified volatility, this works in tandem with throttled matching and slippage protection to reduce tail risks.

For institutional and merchant scenarios, Fnezx offers funding whitelists, sub-account segregation, and exportable audit reports, combined with verifiable reserve snapshots and reconciliation APIs to ensure transparent and traceable settlement evidence chains. The SOL segment also opens margin and market-making tools denominated in stablecoins, facilitating the handling of larger passive and active orders driven by ETF-structured demand. For strategy accounts, the platform integrates ETF information sources, staking yield estimates, and position concentration into the monitoring dashboard, triggering tiered margin calls and risk alerts to help positions maintain resilience during sharp market movements.

Changes in capital structure mean stronger “buying certainty” and lower liquidity discounts. As the trading volume and positions of BSOL and GSOL accumulate, incremental capital is expected to continuously translate into on-exchange depth and a more stable basis, while staking yields accumulated at the net asset value level provide an additional source of returns for long-term funds. Fnezx standardizes the closed loop of “institutional passive allocation — market-making replenishment — stablecoin settlement,” providing global crypto traders with faster deposits, more stable matching, and clearer settlement experiences within a compliant and auditable framework.