U.S. Market Opens Doors to Grayscale Solana ETF Institutional Trading

The SEC has officially approved the Grayscale Solana ETF, marking a major shift in U.S. institutional access to the Solana-asset class. As part of this move, the Grayscale Solana Trust (GSOL) is now newly listed on NYSE Arca effective Oct. 29, 2025, confirming that Wall Street now views Solana-asset as a major player among alt-Layer-1s.

Source: SolanaOfficial

The move ushers in a new era of regulated institutional access for SOL, capital once limited to Bitcoin and Ethereum is now rotating into the Solana ETF news narrative.

At the close on Oct. 27, GSOL traded at $14.26 (-3.65%), with $109.79M in net assets and NAV of $13.71. Its 52-week range spans $7.57 to $82.19, showing the volatility that still surrounds fast-growing Layer-1 alternatives.

ETF Launch Wave Unlocks Institutional On-Ramps

The Solana-ETF approval October window has triggered a back-to-back Wall Street breakthrough. The Bitwise Solana ETF (BSOL) made history as the first U.S. spot Solana-ETF, launching a day before, Oct 28, with strong demand and significant day-one inflows, a clear signal of entering the institutional league.

• $69.45M first-day net inflows

• $289M total net assets now under management

• Built-in ~7% staking rewards for institutions

Following the momentum, Grayscale’s GSOL also got confirmation for the SEC, giving SOL a second major Wall Street vehicle within just 24 hours. This rare back-to-back green light shows regulators are now confident in Solana’s role in the market.

Analysts say this mirrors the Bitcoin pathway: Custody hurdles removed – institutional buy-in accelerates.

But Why Is Solana’s Price Down?

Despite historic Solana-ETF news, SOL traded lower into the launch week. The price slipped to $194.53, down 3.36% over 24 hours, even as market activity ramped up. The market cap stood at $106.93 billion, and trading volume surged to $7.84 billion, up 23.85%, signaling high engagement but not yet a price breakout.

Source: CoinMarketCap

key bearish pressures emerged:

• A Coinbase-linked wallet shifted 1.1M SOL ($218M) shortly after ETF activation, possible “sell the news” behavior

• 80% of Bybit’s SOL-traders are levered long, risking $548M liquidations if price falls below $188

• SOL-volatility (62%) remains above ETH (48%) and BNB (35%)
  

Historically, Bitcoin corrected -18% two weeks after its ETF-debut, similar short-term risk may apply to Solana-ETF Price action.

Solana Price Prediction: Make-or-Break Levels

Bitcoin and Ethereum both dipped on their ETFs debut before rallying weeks later. If Solana-follows that pattern, near-term volatility below $200 remains likely as traders rotate profits and institutions scale in gradually.

With two U.S. spot ETFs approved, big expectations of $4B+ inflows, and if Solana-ETF inflows continue to grow, a SOL price prediction of $225–$260 (+15–30%) in the coming weeks looks realistic. And if demand rises like we saw with Bitcoin ETFs, SOL-coin could push toward $300 (+50%) later this year.

However, if buying remains slow, SOL-coin may revisit the $175–$185 range before any big move. For now, ETFs are the main fuel that could help the asset move from hype into a long-term uptrend.

Summary: Who’s Next After $SOL-Coin?

With Grayscale and Bitwise now opening the doors for institutions, SOL-officially  became the first major altcoin since Ethereum to earn full U.S. ETF-market access. This breakthrough raises a bigger question, Which altcoin-ETF approval will the SEC stamp next?

Other Layer-1 contenders, including Cardano, Avalanche, and Dogecoin, are reportedly in line, signaling early stages of a multi-asset ETF era in crypto markets.

The focus now is on whether ETF inflows, staking demand, and the upcoming Alpenglow upgrade can outweigh whale selling and leveraged risks. So, let's witness this changing era of traditional assets to digital treasuries.