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What you need to know about Solana ETF

Anatoly 2025-10-29 15:54 76317人围观 SOL

SOL ETF is finally listed, and Solana’s China trip has also arrived in Shenzhen. As expected, something unexpected happened, and the event could not be held normally. We can’t rule out that Guard E was responsible for this, and it does have some dark humo




SOL ETF was finally listed, and Solana’s China trip also arrived in Shenzhen. As expected, something unexpected happened, and the event could not be held normally. We can’t rule out that Guard E was responsible for this, and it does have some dark humor.



So, why is ETF approval a big deal? Because the approval of ETF represents the official recognition of the U.S. Securities and Exchange Commission (SEC), it can transform tokens from "speculative assets" to "investment tools."" ； It can also allow large-scale inflows of institutional funds, allowing large institutions such as pension funds and insurance funds to incorporate cryptocurrency into their investment portfolios in compliance with regulations ； At the same time, this can not only affect the underlying assets (such as SOL), but also benefit the entire ecosystem. For example, the application for JitoSOL ETF shows that liquid pledged tokens may also gain exposure to ETFs, bringing additional value to ecological projects. All of the above can increase buying and are necessary factors for price increases. Next, we can take a look at what aspects need to be paid attention to about SOL ETF.
SOL ETF Overview
There are many types of SOL (Solana) ETFs currently issued, including spot, futures, pledge and trust fund forms. Mainstream products include Bitwise Solana ETF (BSOL), Grayscale Solana ETF (GSOL), and 21Shares Solana Staking ETP, each with slightly different structures and functions. The main differences are reflected in: whether to support staking, fee structure, tracking spot or futures, whether to amplify leverage, as well as the listing area and degree of supervision.


Currently, the three main Solana-related ETFs in the U.S. market are: Bitwise’s BSOL (100% direct spot SOL + pledge), REX/Oprey’s SSK (hybrid fund model), and Grayscale’s Solana Trust ETF.



The ETF that gets the most attention is BSOL. This is the first ETF with 100% direct spot SOL exposure, and at the same time, adopts an internal staking strategy and uses Helius as a validator technology partner. BSOL adopts an aggressive staking strategy:
  • Target 100% pledge rate, much higher than European SOL ETPs (usually well below 100%)
  • Expected to provide an average annualized return of 7%
  • Use the T+2 redemption mechanism to deal with unstaking cooldown periods of 48 hours or less





The 100% direct spot exposure here refers to directly holding SOL tokens rather than derivatives, which provides the purest SOL price exposure. In addition, the attractiveness of SOL ETF lies in the staking income it provides: compared with BTC ETF and ETH ETF, it can provide an annualized return of approximately 7%.
According to Multicoin Capital’s instructions:

SOL stakers receive an average yield of 8.05%, which includes an inflation rate of approximately 6.19% and a real yield of approximately 1.86% from organic economic activity and MEV. This yield is paid to SOL stakers every approximately 2.5 days. Although the nominal return on ETH staking so far in 2025 is approximately 3.21%, 2.81% of this is the inflation rate, and the actual return is only about 0.41%. As the basis of a permanent capital instrument, we believe this makes SOL an extremely attractive asset for DAT.




SOL ecological related benefits
With the launch of SOL ETF, some related ecological projects may also be affected: First, Jito (JTO): Currently, JitoSOL accounts for about 25% of Solana’s liquidity staking market； In addition, VanEck has submitted an S-1 application for the JitoSOL ETF and will directly hold Jito’s liquid pledged tokens. Relatedly, there is the Sanctum project, which is also a strong competitor for liquidity staking in the SOL ecosystem. But after starting to pay attention to this project last year, the price is not satisfactory.



In addition, there is Helium, the infrastructure used for staking SOL. This project is also the leader of DEPIN.


Finally, there are other copycats that may potentially launch ETFs, such as LTC.



future price trends
Like BTC ETF and ETH ETF, after the launch of SOL ETF, the price of SOL showed a trend of rising first and then falling due to the impact of the good news. Due to the instability of the market, it has exceeded 200 and is still continuing to fall. I have compiled relevant information. You can see the historical price trends of BTC ETF and ETH ETF after their launch from the chart below for reference.



This week is also a relatively turbulent week: the market generally expects that the Federal Reserve will hold an interest rate meeting on October 29, 2025 (this Wednesday) and announce the second interest rate cut this year. It is expected to cut by 25 basis points, lowering the federal funds rate range to 3.75%-4.00%. Coinbase and Strategy will release their third quarter 2025 financial results on October 30, 2025 (Thursday) after the U.S. stock market closes. Please be aware of the associated risks.

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Please note: This article does not constitute financial or legal advice. Cryptocurrencies are high-risk assets and you may lose your entire principal. I strive to share accurate and reliable information, but there may be omissions. Please keep thinking critically. Always verify information carefully before making any decision.





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