Solana (SOL) Price: 21Shares ETF Explodes With $100 Million Opening Day - Bull Run Loading?

Wall Street just placed a $100 million bet on Solana's future.

The Institutional Floodgates Open

21Shares' new SOL ETF shattered expectations by pulling in nine figures on launch day - a clear signal that traditional finance can't ignore Solana's blistering speed and growing developer ecosystem. This isn't just another crypto product; it's institutional validation on steroids.

SOL Price Implications

Watch for immediate price pressure as the ETF's massive inflow creates supply shock dynamics. With $100 million chasing limited circulating supply, basic economics suggests upward momentum - though whether this sustains depends on if the hype matches real adoption. Because let's be honest, Wall Street would ETF oxygen if they could find a way to charge management fees for it.

The New Institutional Playbook

Traditional finance finally understands what crypto natives knew years ago - blockchain infrastructure is becoming the rails for everything from payments to gaming. Solana's high throughput and low costs position it perfectly for this institutional embrace, even if the suits are late to the party as usual.

One thing's certain: when mainstream finance starts throwing nine figures at crypto infrastructure, the game has changed forever.

TLDR

• 21shares launched its Solana ETF (TSOL) on Wednesday with $100 million in assets under management and a 21 basis point fee
• Solana ETFs as a group have attracted over $2 billion in total inflows with consistent daily inflows despite market fear
• VanEck’s VSOL ETF also launched this week, joining earlier offerings from Bitwise and Grayscale that have seen no net outflow days
• SOL price has dropped approximately 14% over the past seven days despite the new ETF launches during a broader market downturn
• Fidelity entered the space with FSOL, becoming the first traditional asset manager outside digital-native firms to offer a Solana product

21shares launched its spot solana ETF on Wednesday under the ticker TSOL. The fund opened with over $100 million in assets under management.

TSOL charges a fee of 21 basis points. The ETF holds spot SOL tokens and will stake its holdings to secure the blockchain network and earn rewards.

The launch makes TSOL the fifth Solana ETF offering in the United States. Senior Bloomberg ETF analyst Eric Balchunas shared the news on social media.

21Shares is debuting their spot Solana ETF today $TSOL.. which will have fee of 21bps and is opening with $100m in aum.. the Solana ETFs have now taken in $2b as a group- with inflows basically every day, not bad considering the 'extreme fear' rn pic.twitter.com/K7rs14VTEB

— Eric Balchunas (@EricBalchunas) November 19, 2025

VanEck also launched its Solana ETF this week on Monday. The VanEck fund trades under the ticker VSOL and also includes staking rewards.

Fidelity entered the market with FSOL. The company became the first traditional asset manager outside of digital-native firms to offer a Solana product.

Canary Capital launched SOLC with staking enabled. These new products join earlier offerings from Bitwise and Grayscale.

Strong Inflows Despite Price Drop

Solana ETFs as a group have now attracted over $2 billion in total inflows. The products have recorded inflows on basically every trading day.

Bitwise’s BSOL launched in October and attracted nearly $500 million in net inflows during its first three weeks. Chief investment officer Matt Hougan called it one of the most successful ETF launches in history.

Both Bitwise and Grayscale products have not recorded a single day of net outflows. This happened despite broader bearish market sentiment.

The consistent inflows come during a period of extreme fear in crypto markets. Bloomberg analyst Balchunas noted this contrast in his analysis.

Price Performance During Launch Week

The price of SOL has decreased by approximately 14% over the last seven days. This decline happened during the same period as the new ETF launches.

$SOL is forming a clean falling wedge on the daily.

Price is bouncing perfectly from the lower trendline, and momentum is shifting upward.

A breakout from this structure could send SOL into a strong recovery phase.

This setup looks bullish. @solana pic.twitter.com/KCOdxv0TJ2

— Peak (@CryptoPeakX) November 20, 2025

The price drop reflects a broader market downturn in October and November. Data from CoinMarketCap shows the decrease across the week.

secondSwap CEO Kanny Lee offered caution about the heavy flows. He told Decrypt the flows could be misleading due to the novelty of staking yields.

Lee said the real signal will come early next year. The test will be whether ETFs maintain sticky allocators once initial HYPE wears off.

Wall Street Predictions

JP Morgan analysts made forecasts about Solana ETFs in January. They predicted the products WOULD attract billions of dollars to SOL.

The analysts also said SOL and XRP ETF price performance could overshadow Ether ETF performance. They made this prediction for the first six months after U.S. debut.

Matt Hougan suggested 2026 could bring over 100 new altcoin ETF vehicles. He said this could attract fresh capital flows to the sector.

The launches represent increased accessibility for institutional investors. They also signal mainstream acceptance of Solana as an investment product beyond Bitcoin and Ethereum.