Solana (SOL) May Gain TradFi Traction as SOL Strategies Eyes Nasdaq Listing and Kazakhstan Debuts Staking Spot ETF

• SOL Strategies to list on NASDAQ under ticker STKE starting Sept 9, 2025

• Company maintains Canadian listing (HODL) and will convert OTCQB shares to NASDAQ stock

• Fonte Capital’s SETF debuts on Astana International Exchange offering spot SOL with staking and BitGo custody

SOL Strategies NASDAQ listing: STKE trading starts Sept 9, 2025; first spot Solana ETF with staking launched in Kazakhstan — how SOL access expands now.

What is SOL Strategies NASDAQ listing?

SOL Strategies NASDAQ listing is the public U.S. market debut of the Canadian company focused on providing Solana (SOL) exposure to institutional investors. STKE shares will begin trading on NASDAQ on Sept. 9, 2025, while the company keeps its Canadian symbol HODL and converts OTCQB holdings to NASDAQ shares.

How will STKE trading affect institutional access to Solana?

STKE’s NASDAQ listing creates a regulated on‑ramp for TradFi capital to access the Solana ecosystem through a publicly traded vehicle. The company expects the listing to accelerate validator growth via institutional partnerships and attract custody and staking service providers that meet regulated standards.

Why did SOL Strategies pursue a NASDAQ listing?

SOL Strategies pursued a NASDAQ listing to increase institutional visibility and provide a regulated investment vehicle for Solana exposure. CEO Leah Wald said the move validates the Solana ecosystem and creates new channels for institutional capital to access Solana infrastructure through transparent markets.

What changes for existing shareholders and OTC listings?

Existing Canadian-listed shares will remain on the Canadian Securities Exchange under HODL. OTCQB shares (CYFRF) will be sunset and automatically converted to NASDAQ-listed STKE shares, simplifying cross-border liquidity and consolidating trading into a U.S. national exchange.

First spot SOL ETF with staking: What launched in Kazakhstan?

On Sept. 5, 2025, Fonte Capital listed SETF on the Astana International Exchange (AIX), providing the first spot Solana ETF that incorporates staking yield. The product pairs on‑exchange SOL exposure with regulated custody backed by BitGo and aims to attract TradFi investors in crypto-friendly jurisdictions.

How does the SETF structure staking and custody?

SETF offers spot SOL holdings plus staking yield through a regulated ETF wrapper and uses third-party custody services described as BitGo-backed. The structure targets institutional standards for custody and operational controls while delivering staking returns to ETF holders.

Frequently Asked Questions

When exactly does STKE start trading on NASDAQ?

STKE begins trading at the opening of NASDAQ on Tuesday, Sept. 9, 2025. Existing OTCQB (CYFRF) holdings will be converted to the NASDAQ-listed shares.

Is the new Solana ETF with staking available outside Kazakhstan?

The ETF, SETF by Fonte Capital, is listed on Astana International Exchange; availability outside Kazakhstan depends on regional exchange access and regulatory approvals, not on the ETF issuer alone.

Key Takeaways

• NASDAQ listing: SOL Strategies lists STKE on NASDAQ to broaden institutional access to Solana.
• Cross-listing: Canadian HODL listing remains; OTCQB shares convert to NASDAQ stock for unified liquidity.
• ETF innovation: Fonte Capital’s SETF on AIX is the first spot Solana ETF offering staking yield with custodial safeguards.

Conclusion

The SOL Strategies NASDAQ listing and Kazakhstan’s SETF launch mark simultaneous institutional and product-level progress for Solana. These regulated vehicles aim to expand TradFi access, increase validator participation, and deliver staking yield through custody solutions. Monitor regulatory notices and custody disclosures as these products begin trading.