Solana News Update: Introduction of Solana ETF Sparks Increased Institutional Investment in Crypto

The inaugural U.S. spot

ETF, known as the Bitwise Solana Staking ETF (BSOL), started trading on Tuesday, representing a notable development for the crypto industry, as outlined in a . This ETF, which provides direct access to Solana’s native asset (SOL) and incorporates staking rewards, is the first among several Solana ETF proposals awaiting regulatory clearance. Bitwise’s product, which features a 0.20% management fee that is waived for the initial three months or until assets reach $1 billion, has attracted interest from investors looking for regulated exposure to the world’s sixth-largest cryptocurrency by market cap, according to the guide.

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

and ETFs in 2024 sparked a rush among issuers to lower fees, a pattern that may recur with Solana ETFs as the SEC resumes activity following the government shutdown.

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

. Technical analysts have identified a bullish flag formation, indicating a possible surge to $412—a 104% jump from current prices—if SOL surpasses $205. This outlook is consistent with JPMorgan’s estimate of $3 billion to $6 billion in first-year inflows for a Solana ETF, based on adoption rates for Bitcoin and Ethereum ETFs referenced in that article.

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

, while more volatile, allows for full staking participation and avoids management fees, though it lacks the regulatory protections of ETFs, as the guide notes.

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.