Grayscale's move into the
Solana
ETF sector has boosted the blockchain’s standing among institutional investors. The company claims its new exchange-traded fund (ETF) could reach adoption levels similar to those of
Bitcoin
and
Ethereum
. As highlighted in a
TradingView report
, the
Grayscale Solana Trust
(GSOL) and Bitwise’s Solana ETF (BSOL) attracted close to $200 million in investments within four days of launching on October 28, 2025, reflecting strong interest in Solana-based funds. This influx points to increasing institutional trust in Solana’s network, as detailed in
a Coinpedia article
that references collaborations with Citi, Franklin Templeton, and Fidelity.
Bitwise’s BSOL led the way in early investments, pulling in $197 million over four sessions—including $69.5 million on its first day—while Grayscale’s GSOL received $2.2 million, bringing the total to $199 million by October 31, according to TradingView. Both funds allow staking, and Grayscale has committed to distributing 77% of staking rewards to shareholders, as stated in
a GlobeNewswire release
. An
analysis from Seeking Alpha
pointed out that Bitwise’s ETF offers a lower fee (0.2% compared to Grayscale’s 0.35%) and a higher staking rate (82% versus 74.9%), making it more appealing to many investors.
The surge in ETF investments has coincided with steadier Solana prices: a
Yahoo Finance report
noted the token climbed 2% to $190 as optimism grew around U.S.-China trade discussions. The same report also mentioned that Solana’s stablecoin supply jumped by $152 million in a single day—outpacing Ethereum’s $140 million—suggesting a connection between ETF growth and increased liquidity. Zach Pandl, Grayscale’s Head of Research, predicts Solana ETFs could surpass $5 billion in assets within two years if 5% of the token supply is absorbed, representing a 3,000% jump from current levels, according to Yahoo Finance.
The debut of these ETFs has also heightened the rivalry between Solana and Ripple’s
XRP
. Online debates have reignited questions about institutional credibility, with Solana emphasizing its partnerships and ETF approvals as proof of its advantage, as reported by Coinpedia. Western Union’s choice to launch a stablecoin on Solana further strengthened its position, contrasting with Ripple’s established focus on regulated payments, according to Coinpedia.
Despite attracting substantial funds, Solana’s price performance has been mixed. The token dropped 1.5% in 24 hours, with analysts attributing the decline to short-term profit-taking and volatility, as discussed in
a CoinTribune report
. Still, there is ongoing
optimism
:
a Coinpaper analysis
cited CoinPulse analysts who believe Solana’s dip below $190 could be a good buying opportunity, with ETF-driven demand potentially pushing the price to targets between $300 and $500.
Looking at the broader market, there is a noticeable shift in institutional flows. Coinpaper reported that Bitcoin and Ethereum ETFs experienced outflows of $191 million and $98 million, respectively, as investors moved toward Solana’s yield-focused offerings. This pattern matches insights from
The Currency Analytics
which suggests the crypto ETF market is evolving, with investors now prioritizing fundamentals, staking returns, and practical use cases over speculation.
As these trends unfold, Solana ETFs mark a significant milestone in broadening institutional access to alternative cryptocurrencies. With Grayscale and Bitwise at the forefront, Solana’s reputation is set to grow further—though matching Bitcoin and Ethereum will require ongoing inflows and continued ecosystem development.
