Solana (SOL) Staking ETF Debuts with $197M Floodgate Opening – Bullish Signals for Crypto Markets

Wall Street meets Web3 as the first Solana staking ETF cracks open institutional crypto adoption with a $197 million week-one splash.

The ETF's explosive start suggests deep-pocketed investors are betting big on SOL's proof-of-stake yields—while conveniently sidestepping the regulatory minefield of direct ownership.

Funny how traditional finance suddenly loves 'unregistered securities' when wrapped in their own product packaging.

TLDR

• The Bitwise Solana Staking ETF launched on October 28, 2025, marking the first exchange-traded fund offering direct exposure to Solana with staking capabilities
• The ETF attracted $197 million in inflows during its first four days of trading between October 28 and October 31
• Investors can earn approximately 7% annual yield through staking their Solana holdings via the ETF
• The fund charges a 0.20% expense ratio with a three-month fee waiver on the first $1 billion in assets
• Solana is currently trading at $158.31, down 2.34% in 24 hours, with technical indicators showing bearish momentum and key support at $150

The Bitwise solana Staking ETF began trading on October 28, 2025, marking the first exchange-traded fund to offer direct exposure to Solana. The fund also includes staking capabilities for investors using traditional brokerage and retirement accounts.

The ETF attracted $197 million in inflows between October 28 and October 31. This four-day performance represents the initial institutional and retail interest in accessing Solana through traditional financial markets.

JUST IN: $SOL | @Solana ETF investors appeared unfazed by the broader market sentiment as @BitwiseInvest’s $BSOL brought in another $29.2M in inflows today.

Total $BSOL inflows since launch last week have now exceeded $300M. pic.twitter.com/2LqZLmbgHd

— crypto.news (@cryptodotnews) November 7, 2025

The fund’s primary function is tracking the price of SOL, the native token of the Solana network. Investors can buy and sell shares through regular stock exchanges without managing digital wallets or cryptocurrency exchanges.

Bitwise Asset Management operates the fund with a 0.20% annual expense ratio. The company is waiving fees for three months on the first $1 billion in assets under management.

The ETF’s secondary feature allows investors to earn staking rewards. Bitwise states that many investors can earn approximately 7% annual yield by delegating their Solana holdings to network validators.

Market Performance and Technical Indicators

Solana is currently trading at $158.31 with a market capitalization of $87.55 billion. The token decreased 2.34% over the past 24 hours.

good things take time

but I think $sol will eventually sky rocket

on the weekly chart it's looking very strong

get ready for the biggest breakout we've ever seen in the next couple weeks pic.twitter.com/rc8rlYVcMK

— robo (@roboPBOC) November 6, 2025

Trading volume reached $5.62 billion in the last 24 hours. This represents a 47.29% decrease compared to the previous day’s volume.

Technical analysis shows the token moving toward the lower Bollinger Band NEAR $140.89. The middle band at $191.62 currently acts as a resistance level for price movement.

The Relative Strength Index sits at 43.16, below the neutral 50 mark. This reading indicates decreasing buying pressure in the current market environment.

The Moving Average Convergence Divergence indicator stands at negative 4.52, below its signal line at 5.52. These readings suggest continued downward pressure on the token’s price.

Support Levels and Price Targets

Analysts identify the $150-$160 range as a critical demand zone for Solana. Buying activity has increased in this price area during recent trading sessions.

$SOL under $160 is FREE.

This opportunity will not last long.

Do you understand? pic.twitter.com/Wzhfdfn31i

— Gordon (@AltcoinGordon) November 7, 2025

If the token maintains support above $150, technical analysis suggests a potential MOVE toward $175-$185. This scenario depends on sustained buying pressure and volume increases.

A breakdown below $150 could lead to further price declines. Low liquidity zones exist below $140, which could accelerate downward movement if support fails.

The weekly chart shows candlesticks approaching the lower Bollinger Band. This pattern indicates strong selling momentum in the current market cycle.

Market participants are monitoring the $150 level closely. Price action at this support zone will determine near-term direction for the token.

The ETF launch provides a new avenue for capital inflows into Solana. Regulatory clearance for spot Solana ETFs in the United States opens access to mainstream investors through multiple fund vehicles.