Solana News Today: Solana ETF Craze: Will It Break Through the Institutional Barrier?
- Solana's price hovers near $190 support, with ETF inflows and staking yields driving institutional demand. - Bitwise and Grayscale ETFs attracted $200M+ in first week, staking 74.89% of GSOL tokens for rewards. - Technical indicators show bearish pressure below $193 pivot, but $204-$208 resistance could trigger a rally. - Solana Company's 7.03% staking yield outperforms validators, while GSOL ETF offers 5-6% annual returns. - Market remains cautious (28% odds of new ATH by 2026), with regulatory uncertai
Solana's latest price movements have reignited discussions among market participants about whether the $190 support can remain strong enough to fuel a surge toward $240 or higher. The introduction of spot
Institutional involvement in the Solana ecosystem has intensified recently, largely due to the launch of the Bitwise Solana ETF (BSOL) and Grayscale's Solana Trust ETF (GSOL). According to
On the technical front, Solana's price has recently challenged important support and resistance zones. As of Wednesday, the token hovered just above $190, staying over the 4-hour chart's main Pivot Point at $193 after slipping under the 50-period EMA at $195, according to
Solana's appeal to institutions is further enhanced by its staking rewards and network efficiency. Solana Company, which controls more than 2.3 million SOL tokens, reported a 7.03% annualized staking return in October—36 basis points higher than the average of the top 10 validators, according to GlobeNewswire, which also detailed the company's holdings. Their approach of reinvesting rewards using institutional-grade validator systems has earned investor praise, with Pantera Capital's Cosmo Jiang describing it as a "disciplined strategy to maximize SOL per share." Meanwhile, Grayscale's
Despite these strengths, caution prevails in the market. According to
Broader market instability and unclear regulations continue to pose challenges. Bitwise's BSOL ETF started trading at a 1.04% discount, and the SEC has yet to approve additional Solana ETFs from VanEck and 21Shares. Nevertheless, Solana's network—capable of handling 65,000 transactions per second with 99% uptime—remains attractive to both developers and investors seeking high efficiency.
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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