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Solana’s native token, SOL, traded at $203 on Tuesday, up 14% from Wednesday’s local low of $177. The rebound was driven by growing market enthusiasm for the launch of the first Solana ETF in the United States today. The first U.S. Solana ETF officially debutsThe Bitwise Solana Staking exchange-traded fund (ETF) is scheduled to debut on the New York Stock Exchange on Tuesday under the symbol BSOL. This marks the birth of the first spot Solana ETF in the United States. The fund invests 100% directly in SOL and has a built-in staking function to obtain an annualized rate of return of approximately 7% through network rewards. Introducing $BSOL — the Bitwise Solana Staking ETF. Starts trading tomorrow. - 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 — Bitwise (@BitwiseInvest) October 27, 2025 Bloomberg ETF analyst Eric Balchunas confirmed the NYSE listing announcement, adding that Grayscale’s Solana Trust (GSOL) will convert to a spot ETF tomorrow (Wednesday), giving investors another regulated channel to gain exposure to the price of SOL and its staking rewards. Since the federal government shutdown on October 1, the U.S. market crypto ETF approval process has stalled. Crypto analyst Bitcoinsensus posted on the X platform on Tuesday: “With SEC approval, the Bitwise $BSOL ETF officially started trading today. ” “This marks a major milestone in Solana and altcoin ETF adoption. ETFs also provide investors with complete staking capabilities. ” This debut is expected to drive SOL prices sharply higher due to the unprecedented influx of institutional funds. For example, the REX-Osprey Solana Staking ETF SSK’s trading volume exceeded $12 million on the day it was listed on June 30. Based on the acceptance of Bitcoin and Ethereum ETFs, JPMorgan Chase, a multinational investment bank, predicts that the Solana ETF will attract US$3 billion to US$6 billion in capital inflows in the first year. SOL price expected to double on bull flag breakoutThe recent trend of SOL has shown a bull flag pattern at the weekly level, indicating that it is expected to rise to $400 or even higher. A bull flag is a bullish continuation pattern that occurs after a significant move higher and is accompanied by consolidation at a higher level. According to technical rules, as long as it breaks through the upper rail of the flag, it may trigger a parabolic upward trend. The chart pattern will be confirmed when the price breaks above the upper boundary of the flag at $205. This model’s calculated goal is to increase the height of the flagpole to the breakout point, which is $412, which is equivalent to a 104% increase from current levels.  Supporting SOL's continued strength is the increase in RSI value: from 34 when the bull flag was formed in mid-June to 53 on Tuesday. This suggests that upward momentum continues to build. Analyst BitBull said: "$SOL still holds the 3-year support trend line," with the most critical position being $280. Analyst BitBull added: “I still think we will see SOL in the $400-$500 range during this cycle. ” “I still think $400-$500 SOL will materialize this cycle. ”  According to Cointelegraph, RSI breaking through the central axis means that buyers are in control, which may help SOL break through $220 and open the door to the space of $260 and above. Original link: https://cn.cointelegraph.com/news/how-high-can-sol-price-go-first-solana-etf-live Golden Elephant was born for the continuous improvement of Web3 ecology! Golden Elephant, focusing on Web3 ecological system construction and operation! Pay attention to the golden elephant! Contact us! Receive information and join the group…… Please scan the code to add Xiang Xiaosuke  |
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