First US-Based Solana ETF Debuts
Solana's native token, SOL, is experiencing a significant price recovery, trading at $203 and up 14% from its recent low. This surge is largely attributed to the launch of the first US-based Solana ETF, the Bitwise Solana Staking ETF, which began trading on the New York Stock Exchange under the ticker symbol BSOL.
This ETF offers 100% direct exposure to SOL and includes built-in staking, providing investors with approximately 7% annual yields from network rewards. The launch follows a period of regulatory progress for crypto ETFs in the US, despite earlier federal government shutdowns.
Introducing $BSOL — the Bitwise Solana Staking ETF. Starts trading tomorrow.
— Bitwise (@BitwiseInvest) October 27, 2025
- First U.S. ETP to have 100% direct exposure to spot SOL
- Maximizing Solana’s 7%+ average staking reward rate*
- Targeting 100% of assets staked
- Staking through Bitwise Onchain Solutions, powered by… pic.twitter.com/Vo8Ko0qOCn
Bloomberg ETF analyst Eric Balchunas confirmed the NYSE listing notices. Additionally, Grayscale's Solana Trust (GSOL) is set to convert to a spot ETF on October 29, offering another regulated avenue for SOL exposure and staking rewards.
Crypto analyst Bitcoinsensus highlighted the significance of this debut, stating, "This marks a major milestone for Solana and altcoin ETF adoption. The ETF also gives investors exposure to full staking features."
The launch is anticipated to drive substantial institutional inflows into SOL. JPMorgan has predicted that a Solana ETF could attract between $3 billion and $6 billion in its first year, drawing parallels to the adoption rates of Bitcoin and Ether ETFs. The REX-Osprey Solana Staking ETF (SSK), which debuted earlier, saw over $12 million in first-day volume.
SOL Price Analysis: Bull Flag Pattern Signals Potential Rally
The price action of SOL is currently exhibiting a bull flag pattern on the weekly chart, suggesting a potential upward movement towards $400 and beyond.
A bull flag is a technical chart pattern that signifies a continuation of a bullish trend. It forms after a sharp price increase, followed by a period of consolidation. A breakout above the upper trendline of this flag is often indicative of a potential parabolic price surge.
The chart pattern is expected to resolve once SOL's price breaks above the upper boundary of the flag, currently at $205. The measured target for this pattern, calculated by adding the height of the flag's pole to the breakout point, suggests a potential price of $412, representing a 104% increase from current levels.
Supporting the bullish outlook is the increase in the Relative Strength Index (RSI) value to 53. The RSI has risen from 34 in mid-June, when the bull flag formation began, indicating a steady increase in upward momentum.
Analyst BitBull echoed a similar sentiment, noting that "$SOL is still holding its 3-year support trendline," with $280 being a critical level. "A weekly close above it will trigger a massive rally," the analyst stated, adding, "I still think $400-$500 SOL is happening this cycle."
As previously reported, the climbing RSI above the midpoint suggests that buyers are gaining control. This could help SOL break through the $220 resistance level and pave the way for a rally towards $260 and higher.