Solana News Update: Solana ETF Climbs While Token Declines: Institutional Demand Contrasts with Retail Outlook
- Bitwise's Solana Staking ETF (BSOL) raised $222.8M in assets on its 2025 debut, outpacing most new ETFs with $56M in first-day trading volume. - The fund offers direct Solana exposure with staking rewards, attracting institutional interest through a novel structure distinct from traditional spot ETFs. - SEC guidance on PoS and liquid staking enabled BSOL's launch, with Bitwise leveraging its European staking product experience to enter the U.S. market. - Despite BSOL's success, Solana's token price fell
The Bitwise
The ETF’s strong debut was further emphasized by its active initial trading. Within the first 30 minutes after launching on October 27,
Clear regulatory guidance was crucial for BSOL’s introduction. The U.S. Securities and Exchange Commission (SEC) issued guidance in May 2025 regarding proof-of-stake (PoS) activities and clarified rules for liquid staking in August, paving the way for ETFs based on staking, as previously reported. Bitwise, which had already launched a Solana staking product in Europe, used this regulatory framework to bring BSOL to the U.S. The fund features a 0.20% expense ratio, holds assets in full replication, and reported a net asset value (NAV) of $26.21 as of October 27, according to available reports.
Even with the ETF’s strong performance, Solana’s native token (SOL) dropped 3.65% that day, illustrating a gap between institutional ETF interest and retail token price movement, a phenomenon discussed by BeInCrypto. Analysts point to profit-taking after the initial excitement and broader market trends as reasons. Meanwhile, BlackRock’s absence—a major player in
The regulatory landscape is still evolving, with over 150 altcoin ETF applications awaiting approval—including 23 for Solana—according to
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
Caribbean Prepares for Hurricane as Geopolitical Strains and Reductions in Food Assistance Loom
- Hurricane Melissa, a Category 4 storm, threatens Jamaica with catastrophic flooding and landslides as it intensifies before landfall. - U.S.-Trinidad military drills face Venezuela's "false-flag" accusations, highlighting regional tensions amid natural disaster preparations. - Trump administration's Nov. 1 food aid cuts draw bipartisan criticism, forcing states to redirect SNAP recipients amid hurricane supply chain risks. - U.S.-China trade talks aim to avoid tariffs over rare earths, while Canada faces
Bitchat's Bluetooth system remains robust while hurricanes severely damage Jamaica's infrastructure
- Bitchat, a Bluetooth-based decentralized messaging app, became Jamaica's second-most downloaded app as Hurricane Melissa crippled infrastructure with 185-mph winds. - The storm killed 30+ people across the Caribbean, including 23 in Haiti, while the app enabled encrypted communication during power outages and flooding. - Bitchat's surge mirrored crisis adoption in Nepal, Indonesia, and Madagascar, highlighting its utility in disaster zones with decentralized, censorship-resistant networks. - The Trump ad
MoonBull's Scarcity Approach Surpasses TON, LINK's Lackluster Progress
- MoonBull's presale raised $450k from 1,500+ investors, projecting 9,256% returns if tokens hit $0.00616. - Outpaces stagnant TON and LINK amid market volatility, leveraging 23-stage pricing and 95% APY staking. - Mobunomics allocates 73.2B tokens with 50% presale scarcity and 11% referral incentives to boost adoption. - Meme-driven narrative combines viral marketing with utility, attracting both retail and institutional investors. - Stage 5 marks final entry before listing, with escalating prices and lim
HBAR ETF Gets Green Light, But Convincing Altcoin Doubters Remains Challenging
- Hedera's HBAR token dropped 6% post-ETF approval, contrasting with Solana's $56M debut volume. - The $8M HBAR ETF launch highlights altcoin market skepticism despite regulatory progress and institutional backing. - Technical indicators like death cross and declining on-chain metrics signal bearish momentum for HBAR. - Analysts note ETFs provide regulated institutional access, though broader crypto volatility and SEC delays dampen immediate adoption. - Hedera's enterprise partnerships and USDC growth on i
