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Solana News Update: Solana ETFs Draw $421 Million Despite Price Drop, Bucking Overall Market Decline

Solana News Update: Solana ETFs Draw $421 Million Despite Price Drop, Bucking Overall Market Decline

Bitget-RWA2025/11/22 16:12
By:Bitget-RWA

- 21Shares launched a Solana ETF (TSOL) in the U.S., joining Fidelity and Bitwise in driving $421M in inflows despite SOL's 30% price drop. - Institutional interest grows as ETFs highlight Solana's real-world use cases in DeFi and gaming, though technical indicators show bearish momentum. - Regulatory clarity and staking innovations may sustain long-term adoption, but SOL faces critical resistance at $140 amid macroeconomic uncertainties.

Solana's ecosystem is at a crucial juncture as fresh capital from new exchange-traded funds (ETFs) flows into the blockchain, even as its price remains subdued. 21Shares, a prominent issuer of crypto ETPs, introduced its

ETF (TSOL) on the Chicago Board Options Exchange on November 19, 2025, granting U.S. investors clear access to the blockchain’s native asset, , with a 0.21% total expense ratio and staking features to boost yields . Building on 21Shares’ $1 billion Solana ETP in Europe, this launch in Solana’s practical uses in gaming, decentralized finance (DeFi), and international payments.

The ETF debut came alongside a spike in Solana-centric investment vehicles.

(FSOL) attracted $2.1 million on its opening day, while with $388.1 million in inflows since its launch in October . Altogether, Solana ETFs have drawn over $421 million, from $253 in September to $130. Bloomberg analyst Eric Balchunas has seen steady inflows “almost daily” despite market turbulence.

Solana News Update: Solana ETFs Draw $421 Million Despite Price Drop, Bucking Overall Market Decline image 0
Technical analysis, however, offers a mixed outlook. as its 50-day and 200-day exponential moving averages (EMA) crossed, indicating bearish sentiment. The token is trading near $137, staying above key support at $125 but struggling to break past resistance at $140, where selling has intensified . On-chain metrics show a split: Solana’s developer community expanded by 83% in 2024, yet , pointing to reduced speculative activity. Futures open interest remains high, if prices fall further.

Despite these technical challenges, there are still bullish factors. 21Shares’ collaboration with FalconX,

, aims to broaden global reach for its offerings, taking advantage of regulatory clarity in the U.S. and other regions. , stressed that crypto ETPs are “still in the early days of adoption,” with more traditional financial institutions turning to blockchain. Meanwhile, , with Bitwise’s making up 89% of total inflows since its inception.

Analysts remain watchful. SOL’s next direction depends on whether it can reclaim the $140 resistance to confirm a bullish reversal, or if it will fall back to $120, where historical liquidity may offer support

. Brokate pointed out that favorable regulation and innovation in staking-enabled products could drive long-term growth, even as short-term volatility continues . With ongoing macroeconomic uncertainty and the recent 43-day U.S. government shutdown adding complexity, the resilience of Solana ETFs underscores their potential to connect traditional and decentralized finance.

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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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