Solana News Today: ETFs Drive Solana Past $200 as Institutions Stake Their Bets

Solana's native token, SOL, surged past $200 in late October 2025 amid growing anticipation for the launch of the first U.S. spot Solana exchange-traded funds (ETFs), signaling renewed institutional and retail interest in the fast-growing blockchain network. The price rally, which pushed SOL to a peak of $203.83, coincided with the debut of Bitwise's Solana Staking ETF (BSOL) on the New York Stock Exchange on October 28 and Grayscale's conversion of its Solana Trust (GSOL) into an ETF on October 29. These products, offering direct exposure to SOL with built-in staking rewards, marked a pivotal regulatory shift in the crypto market, according to U.Today.

The ETF launches followed robust inflows into existing Solana-focused funds. The REX-Osprey Staking Solana ETF (SSK) added $24 million in the week leading up to October 27, bringing its assets under management to over $400 million since its August debut, according to CoinMarketCap. This momentum underscored Solana's appeal to investors seeking yield, with the network's 7% average staking rewards and high transaction throughput positioning it as a compelling alternative to Bitcoin and Ethereum, according to Bitwise. However, the initial market response to the new ETFs was mixed: while BSOL generated $56 million in trading volume on its first day, SOL's price dipped 3.65% to $191, reflecting classic "buy-the-rumor, sell-the-news" dynamics, Coinotag reported.

Technical indicators suggested further upside potential. A golden cross formed as Solana's 9-day moving average crossed above its 26-day line, while a bull flag pattern on the weekly chart targeted a price surge to $412—a 104% increase from its October 28 level, according to Crypto.news. Analysts at JPMorgan predicted inflows of $3 billion to $6 billion for a Solana ETF in its first year, as reported by Cointelegraph. Anthony Scaramucci of SkyBridge Capital added to the bullish sentiment, forecasting that Solana could dominate the digital economy by 2030 due to its role in real-world asset tokenization and institutional adoption, U.Today reported.

Institutional demand also intensified, with Reliance Global Group and other corporations adding SOL to their digital treasuries, Crypto.news noted. This trend contrasted with Ethereum's recent struggles, where ETF outflows of $555 million over two weeks failed to offset corporate accumulation of $78 million in ETH. While Ethereum's price hovered near $4,300—a critical resistance level—Solana's ecosystem appeared better positioned to capitalize on ETF-driven liquidity, according to Bitcoinist.

Despite the optimism, risks linger. The U.S. government shutdown delayed SEC approvals for additional Solana ETFs, including VanEck's VSOL and 21Shares' offerings, Bitget reported. Meanwhile, Litecoin's ETF debut underperformed, drawing just $1 million in volume as LTC fell 3.3% to $96, highlighting the challenges faced by legacy cryptocurrencies in a maturing market, Coinotag reported.

For now, Solana's price trajectory hinges on sustained institutional participation and regulatory clarity. With BSOL's 0.20% management fee waived for the first $1 billion in assets, Bitwise and competitors like Grayscale are vying to capture a growing segment of crypto-agnostic investors. As Bloomberg ETF analyst Eric Balchunas noted, "ETFs provide legitimacy, but real price drivers remain network adoption and utility," Cointelegraph reported.