Solana Price Soars on Alpenglow Upgrade and ETF Filing Hype

Solana's price surge has raised eyebrows in the crypto market, reaching nearly $76.26 after gaining 1.83% over 24 hours. This outpaced both Bitcoin and the broader crypto market, sparking interest among traders.

The key driver behind this move appears to be Grayscale's updated filing for its proposed Solana staking ETF. The document outlines how the fund may distribute staking rewards to shareholders at set intervals, potentially giving regulated investors exposure to SOL and network rewards through one product.

On-chain activity also supported the latest Solana price move. Circle reportedly issued another $500 million in USDC on Solana, increasing available stablecoin liquidity for trading, payments, and decentralized finance applications across the network.

The Alpenglow consensus upgrade is another event on the market calendar, with developers targeting late August 2026 for the rollout. The upgrade aims to achieve transaction finality near 150 milliseconds and reduce confirmation delays across high-volume network applications.