Solana News Update: Introduction of Solana ETF Sparks Increased Institutional Investment in Crypto
- Bitwise's BSOL became the first U.S. spot Solana ETF to trade, offering direct SOL exposure with staking rewards and a 0.20% fee waiver for three months. - Seven Solana ETFs including VanEck's VSOL (0.30% fee) await SEC approval, with regulatory delays caused by the government shutdown affecting 21Shares and Grayscale's GSOL conversion. - SOL's $203 price rise and bullish technical patterns suggest potential for $412, aligning with JPMorgan's $3-6B inflow forecasts for a Solana ETF's first year. - Instit
The inaugural U.S. spot
VanEck has also put forward a Solana ETF (VSOL) with a 0.30% fee, one of seven such filings with the SEC, the NerdWallet guide continues. Although VanEck’s ETF does not currently offer a fee waiver, competition among Solana ETFs is intensifying around pricing. Experts point out that the approval of
BSOL’s debut coincides with strong technical sentiment for SOL’s price. On Tuesday, Solana’s token was trading at $203, a 14% rise from its recent low, as traders looked forward to the ETF’s launch, according to
The SEC’s review of crypto ETFs has been stalled due to the ongoing government shutdown, now in its third week as of October 27. While 21Shares’ Solana ETF has received preliminary approval, final authorization is still pending, NerdWallet reported. The shutdown has also postponed the conversion of Grayscale’s Solana Trust (GSOL) into a spot ETF, which TradingView reports is expected to begin trading on Wednesday.
For those not willing to wait, indirect exposure to Solana is possible through futures-based ETFs such as VolatilityShares’ SOLZ (1.15% fee) and ProShares’ SLON (2.14% fee), according to the NerdWallet guide. However, these funds often deviate from SOL’s price due to their leveraged or futures-based nature. Directly holding
The broader impact of Solana ETFs depends on institutional uptake. Bloomberg ETF analyst Eric Balchunas highlighted that regulated vehicles could draw record inflows, pointing to the REX-Osprey Solana Staking ETF’s $12 million in first-day trading as a possible benchmark, according to the TradingView article. Nevertheless, the mixed results of Ethereum ETFs—up 20% since July 2024 but down as much as 50% at times in 2025—illustrate the inherent risks of crypto-related investments, the NerdWallet guide observed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUSHI experiences a 0.18% increase over 24 hours, while facing a 14.41% drop in the past week as a result of overall market downturn.
- SUSHI rose 0.18% in 24 hours but fell 14.41% in 7 days, reflecting broader crypto market weakness and sustained bearish pressure. - Technical indicators show oversold RSI, bearish moving averages, and negative MACD, reinforcing pessimism about SUSHI's short-term recovery. - A backtesting strategy tested buying SUSHI after 10%+ drops with 10% take-profit and 8% stop-loss aims to assess mean-reverting potential amid volatility. - Despite temporary 24-hour gains, SUSHI's 66.96% annual decline highlights str
DASH experiences a 33.07% jump fueled by urgent meal deliveries and targeted growth initiatives
- DoorDash launched an Emergency Food Response initiative, pledging 1 million free meals and waived fees for 300,000 SNAP-eligible grocery orders in November. - The program partners with 25+ grocery chains to address federal SNAP benefit pauses, enhancing DoorDash's role in crisis aid and convenience commerce expansion. - DASH stock surged 33.07% in 24 hours amid the initiative, with 214.67% gains over one year, reflecting investor confidence in strategic expansions. - Parallel autonomous delivery pilots w
XRP News Today: XRP ETF Speculation: Will Regulatory Approval Ignite a Bull Market in 2025?
- XRP, BullZilla, and Toncoin dominate 2025 crypto forecasts amid regulatory clarity and institutional adoption trends. - Blazpay’s AI-driven presale raised $1M in Phase 3, selling 87% of 157.3M BLAZ tokens with gamified DeFi features. - Ripple’s XRP ETF approval potential and RLUSD’s $1B market cap highlight traditional finance integration efforts. - BullZilla’s HODL Furnace staking and TON’s Telegram-based scalability position them as meme and utility coin contenders. - Market volatility persists as XRP
Ethereum News Update: Ethereum ETFs Overtake Bitcoin, Climbing to $28.6B as Major Investors Make Bold Moves
- A major Ethereum whale increased long positions in BTC and ETH, holding $37M and $18M after exiting short bets, signaling improved market sentiment. - Ethereum ETF inflows surged to $9.6B in Q3 2025, outpacing Bitcoin, while spot ETH ETFs now hold $28.6B in assets amid rising institutional demand. - ETH price rose 5.2% to $4,160, with technical indicators suggesting potential targets up to $16,077 if bullish momentum continues. - Growing corporate adoption of Ethereum's tokenization and large exchange wi
Trending news
MoreCrypto prices
More
