The Solana ETF hit US markets at present, and it proved immensely profitable. Bitwise’s product noticed $56 million in day-one buying and selling quantity, making a bigger splash than 850+ ETFs launched in 2025.
Nevertheless, SOL’s precise token worth has really declined at present attributable to different components. Though the upcoming altcoin ETFs could grow to be profitable funding alternatives, underlying market tendencies nonetheless look bearish.
Solana ETF Goes Stay
The prospect of a Solana ETF has stirred market expectations for months, however the precise launch occurred in murky circumstances. After months of false begins and regulatory confusion, the group had a blended response when analysts claimed buying and selling was about to start out.
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Nonetheless, the primary Solana ETFs went dwell on the markets at present, and their baptism by fireplace proved extraordinarily profitable:
Company traders have been pouring cash into crypto ETFs, and the brand new Solana merchandise aren’t any exception.
Eric Balchunas, a Bloomberg analyst, claimed that Bitwise’s product had the strongest launch of any ETF in 2025. This contains ETFs primarily based on XRP and non-token-based merchandise alike; round 850 new belongings in whole.
No Features for SOL
In different phrases, this Solana ETF has been an exceptional success. Bitwise’s product utterly eclipsed HBAR and Litecoin ETFs, seeing $56 million in whole quantity in comparison with $8 and $1 million, respectively. Nonetheless, nevertheless, anticipated positive factors for Solana have but to materialize:
Solana Worth Efficiency. Supply: CoinGecko
Analysts recommend {that a} lengthy squeeze is going on between long-term holders and leverage performs, which can be inflicting these doldrums. Nonetheless, it appears extremely bearish that the Solana ETF’s breakout success didn’t affect these dynamics.
The primary BTC ETFs introduced runaway success for Bitcoin, doubtlessly altering its worth cycles ceaselessly. If altcoin merchandise don’t have an analogous impression, nevertheless, it should problem quite a lot of important assumptions.
In different phrases, this looks like one thing of a blended blessing. The Solana ETF has lastly reached US markets, and the urge for food could be very robust. In the meanwhile, although, retail SOL holders won’t reap any of the rewards.
