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.
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