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Solana News Update: Solana ETFs See $56M in Trading Volume, But Token Falls 3.65% Amid "Buy-the-Rumor" Shift

Solana News Update: Solana ETFs See $56M in Trading Volume, But Token Falls 3.65% Amid "Buy-the-Rumor" Shift

Bitget-RWA2025/10/31 16:04
By:Bitget-RWA

- Solana's first U.S. altcoin ETFs (BSOL, GSOL) launched in October 2025, drawing $56M in volume but triggering a 3.65% SOL price drop amid "buy-the-rumor, sell-the-news" dynamics. - Institutional crypto inflows hit $921M weekly, with Solana's 7% staking yield and 81% staked SOL attracting yield-focused investors over Ethereum's 3%. - Western Union announced a USDPT stablecoin on Solana in 2026, leveraging its low-cost infrastructure, though unconfirmed reports suggest $25M-$50M in upfront payments for exc

The introduction of the first U.S. altcoin ETFs for

in October 2025 represented a significant milestone for the digital asset, but market sentiment was divided. On its first day, the Bitwise Solana Staking ETF ($BSOL) saw $56 million in trades—the largest among new ETFs that session—yet Solana’s native coin (SOL) dropped 3.65% to about $191, a move attributed to investors cashing in after the pre-launch excitement, according to a . Experts describe this as a typical “buy the rumor, sell the news” scenario, where institutional trading volume did not immediately translate into price appreciation. Meanwhile, the Grayscale Solana Trust (GSOL) experienced a modest $1.4 million in new investments after its ETF conversion, highlighting selective interest from investors.

Solana News Update: Solana ETFs See $56M in Trading Volume, But Token Falls 3.65% Amid

Despite this, the overall cryptocurrency sector demonstrated strength. Institutional players invested $921 million into crypto assets over a single week, with

accounting for $931 million in inflows, as reported by . Solana and also attracted notable, though tapering, investments—$29.4 million and $84.3 million, respectively—as anticipation for U.S. ETF approvals grew. Solana’s staking ecosystem further fuels this institutional interest, with over 81% of locked in staking, offering an annual yield near 7%—well above Ethereum’s 3%—according to , making it especially appealing to those seeking yield.

Solana’s long-term prospects received a boost when Western Union revealed plans for a U.S. dollar-pegged stablecoin (USDPT) on Solana’s blockchain, scheduled for early 2026, as outlined in a

. This collaboration, which utilizes Solana’s fast and cost-effective network, has led to speculation about exclusive arrangements, with unconfirmed reports suggesting the Solana Foundation paid between $25 million and $50 million for a six-month exclusivity window, . While neither Western Union nor Solana have verified these payments, the development highlights growing institutional trust in Solana’s scalability. Western Union CEO Devin McGranahan emphasized Solana’s technical strengths, noting it was selected after assessing several blockchain options.

Solana’s appeal was further enhanced by a recent MetaMask update, which now allows users to manage

, EVM-compatible chains, and Solana within a single wallet, as reported by . This new feature, along with speculation about a possible MASK token launch, has renewed interest in the Solana ecosystem. Market analysts—including those cited by —believe Solana’s strong infrastructure and attractive staking rewards make it a leading candidate for institutional adoption, though price swings remain a concern.

Looking forward, analysts are monitoring important technical thresholds for SOL. A move above $280 could set the stage for a rally toward $412, especially if ETF-driven liquidity and staking demand persist. However, recent declines—including an 8% drop in early November 2025—underscore the market’s sensitivity to blockchain activity and broader economic trends, according to

. Some retail-focused analysis has even discussed highly optimistic scenarios for investors (see ).

As the digital asset landscape shifts, Solana’s challenge will be to maintain momentum among both institutional and retail participants. With Western Union’s stablecoin launch approaching and continued ETF activity, the network’s ecosystem seems set for ongoing expansion—though the prospect of Bitcoin reaching $6.5 million remains speculative and distant.

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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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