Solana’s ETF Era Could ‘Redefine Its Position In The Crypto Hierarchy’ – Report
Following the launch of the primary Solana (SOL) Exchange-Traded Funds (ETFs) within the US, Bybit analysts imagine that the cryptocurrency might enter a multi-quarter rally fueled by institutional demand.
Solana ETF Era To ‘Reshape’ Price Trajectory
On Friday, crypto alternate Bybit discussed the potential impression of the lately launched Bitwise Solana Staking ETF (BSOL) and Grayscale Solana Trust ETF (GSOL) on the altcoin’s long-term narrative and efficiency.
In its Crypto Insights Report, the alternate famous that the altcoin joined Bitcoin (BTC) and Ethereum (ETH) as one of many digital belongings with regulated brokerage entry within the US, marking a key milestone that might reshape “its worth trajectory and market construction for years to return.”
The report highlighted that SOL’s performance will probably profit from the worldwide enlargement of SOL-focused merchandise. Notably, Hong Kong additionally authorised and launched the primary Solana Spot ETF by China Asset Management in late October. Meanwhile, Brazil and Canada additionally host Solana ETFs, which create “a multi-jurisdictional framework that enhances international liquidity and worth discovery.”
Nonetheless, the crypto alternate considers that probably the most vital impression is “the narrative shift they catalyze,” because the cryptocurrency “is now not only a high-beta altcoin favored by retail merchants — it’s now a regulated, yield-bearing asset with institutional entry and international distribution.”
This rebranding aligns with Solana’s technical evolution, as its function in powering tokenized treasuries, real-world belongings and permissioned stablecoin issuance makes it a foundational layer for the subsequent technology of economic infrastructure.
The alternate argued that Solana could transition from a speculative asset to offering a strategic allocation in diversified portfolios as macro circumstances stabilize and ETF inflows construct.
SOL ‘On The Cusp Of Multi-Quarter Rally’
According to Farside Investors’ data, the SOL-based funding merchandise have recorded over $300 million in inflows since launching final week, signaling robust institutional demand for the Solana ETFs.
However, the altcoin’s worth retraced round 8% through the ETF’s first buying and selling week. Additionally, SOL’s worth has fallen practically 20% on the weekly timeframe, reaching a four-month low of $144 earlier this week.
Despite the short-term volatility, Bybit affirmed that the ETF listings “symbolize a structural shift in how SOL is accessed, traded and perceived,” dramatically increasing SOL’s investor base.
The report emphasised that the subdued response echoes the “sell-the-news” dynamic seen in BTC and ETH’s ETF approvals. Both cryptocurrencies skilled short-term corrections after their respective spot ETF launches earlier than recovering on sustained inflows.
“Solana could also be following the same sample, with early profit-taking and whale rotation — similar to Jump Crypto’s massive on-chain switch — quickly suppressing upside momentum,” Bybit affirmed.
The report identified Bitwise’s estimate that each $1 billion in ETF inflows might result in a 30%-50% enhance in SOL’s market capitalization. As a consequence, if inflows attain $2-3 billion within the subsequent 12 months, the cryptocurrency might revisit its all-time high (ATH) ranges, and even rally towards $300–$350.
“If historic patterns maintain, Solana might be on the cusp of a multi-quarter rally that redefines its place within the crypto hierarchy,” the alternate concluded.
As of this writing, Solana is buying and selling at $154, a 1% decline within the every day timeframe.
