Bybit’s bbSOL Secures Anchorage Digital Custody as Solana Charts Eye $400 Breakout

Bybit has strengthened its institutional push with a strategic partnership that could reshape Solana’s liquid staking ￰0￱ exchange announced that Anchorage Digital, the first federally chartered crypto bank in the U. S., will now provide institutional custody for bbSOL, Bybit’s staked Solana (SOL) ￰1￱ collaboration not only enhances security but also reinforces bbSOL’s status as an institutional-grade liquid staking token (LST), offering regulated entities a compliant way to access on-chain yields while maintaining ￰2￱ Gateway to Solana’s Yield Ecosystem According to the press release , Bybit’s bbSOL allows users to earn Solana staking rewards without locking their ￰3￱ Anchorage Digital Bank’s custody solution, bbSOL holders can now enjoy bank-level protection under federal ￰4￱ Bao, Head of Spot at Bybit and Founder of Byreal, said, “Anchorage Digital’s integration represents a major leap in bbSOL’s evolution as an institutional-ready product.” She added that combining liquidity with regulatory assurance provides institutions with “a compliant and transparent entry point into Solana’s DeFi landscape.” Nathan McCauley, CEO and Co-Founder of Anchorage Digital, emphasized the partnership’s potential, stating, “We’re thrilled to unlock additional opportunities for institutions to participate in the Solana ecosystem through liquid staking, backed by Anchorage Digital’s security.” The alliance bridges exchange-grade performance with institutional-grade protection, marking another milestone in Bybit’s effort to bring regulated investors into decentralized ￰5￱ Price Holds Strong as Analysts Turn Bullish Meanwhile, Solana’s price action supports the growing institutional ￰6￱ trades at $194.73 , posting a 0.26% daily gain and nearly 4% weekly ￰7￱ a market capitalization above $107 billion, Solana continues to demonstrate resilience amid volatile market ￰8￱ NekoZ believes the asset may be on the verge of a major bull ￰9￱ to the analysis, SOL has broken its long-term downtrend and is confirming a potential five-wave Elliott impulse ￰10￱ the $194 support could open the path to $295 resistance, with a possible extension toward $400.

Multi-Year Compression Points to Breakout Potential