Solana Reclaims $140 As Second Wave Of SOL ETFs Debut – Is A Rebound Coming?

Overview

The recent launch of a new wave of Solana-based Exchange-Traded Funds (ETFs) has sparked significant interest and demand in the cryptocurrency market. As Solana’s price begins to recover, analysts are speculating on the potential for a rebound in the altcoin’s value.

Recent Developments

Launch of New Solana ETFs

The second wave of Solana ETFs has officially entered the market following the successful introduction of multiple investment products centered around the altcoin. On a recent Monday, VanEck launched its Solana ETF (VSOL) on Nasdaq, marking it as the third Solana-based investment product to debut in the last month. Notably, VanEck announced it will waive its 0.30% fee on the first $1 billion in assets under management until February 17, 2026. Additionally, the firm’s third-party staking provider will also waive its fees under similar conditions.

Following VanEck’s launch, Fidelity and Canary Capital introduced their FSOL and SOLC ETFs on the following Tuesday, after submitting 8-A forms to the Securities and Exchange Commission (SEC). Senior Bloomberg analyst Eric Balchunas highlighted Fidelity’s prominent position in the asset management sector, especially with BlackRock not participating in this wave of launches. Analyst Nate Geraci also noted the absence of BlackRock, despite expectations of strong performance from the newly launched products.

Performance and Institutional Demand

Bitwise and Grayscale previously launched their BSOL and GSOL ETFs at the end of October, achieving record-breaking performance since their inception. According to data from Farside Invest, Solana-based investment products have seen inflows exceeding $390 million, accompanied by 15 consecutive trading days of positive net flows. This indicates a strong appetite from institutional investors for these products.

In a recent post, Bitwise’s CEO, Hunter Horsley, commented on the positive performance of BSOL despite ongoing market corrections, expressing gratitude for the trust investors place in Bitwise.

Price Movements

In the wake of these ETF launches, Solana’s price experienced an 8.4% rebound from a five-month low of $128 recorded on Monday. Although the cryptocurrency has faced a 12% decline over the past month, analysts from Bybit suggested that the launch of these investment products could significantly alter Solana’s price trajectory and market structure in the long term.

Bybit’s report noted that Solana has joined Bitcoin and Ethereum as one of the few digital assets with regulated brokerage access in the United States, which could broaden its investor base and enhance market confidence.

Impact on the Crypto Market

• The introduction of new Solana ETFs may signal increased institutional interest in the cryptocurrency sector.
• Positive inflows into Solana-based investment products indicate strong demand despite recent market volatility.
• The structural changes in how Solana is accessed and traded could redefine its position in the crypto market.
• Analysts suggest that if the market stabilizes, Solana may experience a significant price rally.
• The absence of major players like BlackRock from this wave of ETF launches may influence market dynamics and investor sentiment.

Updated: 11/19/2025, 7:23:50 AM