Solana Surges Past $197 as Bitwise ETF Records Record-Breaking $72M Second-Day Volume
Solana (SOL) is trading above $197, up more than 1.5% in the last 24 hours. This is because the cryptocurrency is riding the wave of
Quick overview
- Solana (SOL) is currently trading above $197, experiencing a 1.5% increase in the last 24 hours due to the successful launch of the first U.S. staking-enabled Solana ETF.
- The Bitwise Solana Staking ETF (BSOL) achieved $72.4 million in trading volume on its second day, surpassing its impressive debut of $56 million.
- Analysts predict that the Solana staking ETF could attract between $3 billion and $6 billion in new investments within its first year, driven by its appealing 5% staking return.
- Conservative price predictions for Solana suggest it could reach between $225 and $240 by December 2025, while a more aggressive outlook targets $275 to $300.
Solana SOL/USD is trading above $197, up more than 1.5% in the last 24 hours. This is because the cryptocurrency is riding the wave of excitement from the historic launch of the first U.S. staking-enabled Solana ETF. The Bitwise Solana Staking ETF (BSOL) has blown away expectations. On its second day, it had $72.4 million in trading volume, which is more than its already remarkable debut of $56 million, which was the most of nearly 850 ETF debuts in 2025.
Eric Balchunas, a senior ETF analyst at Bloomberg, said the $72 million amount was “a huge number” and “a good sign.” He pointed out that most ETFs see their volume drop once the initial launch buzz dies down. The ongoing momentum implies that institutions are really interested, not just trading on the first day for fun.
SOL/USD Technical Analysis: Bulls Maintain Control Above Key Support
From a technical point of view, Solana’s ability to stay above the $197 level shows that there is a lot of bullish emotion once the ETF opens. The 1.5% daily gain is little, but it shows that the market is stabilizing following recent volatility, and the price action suggests that people are buying rather than selling.
The $190 to $195 range has been an important support zone, with several successful retests in recent sessions. This level is the same as the 20-day moving average, which gives it both technical and psychological support. Bulls will want SOL to keep this base while they watch for a breakout above the $205 resistance line.
Volume patterns show that institutions are buying up shares, especially as ETF flows are keeping up the buying pressure. The relative strength index (RSI) is at 55, which is neutral. This means that there is a lot of opportunity for it to go up without becoming overbought.
Massive Capital Inflows Signal Solana’s Institutional Adoption
The numbers of the Solana ETF launches are mind-blowing. BSOL brought in $69.5 million in new money on its first day, bringing its total assets under control to around $292 million. On Wednesday, the REX Osprey SOL Staking ETF (SSK) added another $18 million, while Grayscale’s competitive GSOL product started with $4 million in volume.
Analysts in the field expect large inflows over the long run. Ryan Lee, the main analyst at the Bitget exchange, thinks that the Solana staking ETF may bring in between $3 billion and $6 billion in fresh money in its first year. James Seyffart, an analyst at Bloomberg Intelligence ETF, says that if the momentum of this launch is similar to that of prior cryptocurrency ETFs, more than $3 billion will come in over the next 12 to 18 months.
The 5% staking return built into these products makes them very appealing to institutional investors who want both exposure and passive income. This is something that Bitcoin and regular Ethereum ETF structures don’t have.
Solana Price Prediction: Multi-Target Scenario Through Year-End
Solana looks like it has a lot of upside potential going into the end of the year, based on the ETF momentum and technical setup. Conservative estimates say that SOL will be worth between $225 and $240 by December 2025, which is a 14% to 22% increase from where it is now. This situation expects that ETF inflows will stay consistent and the market will stay stable.
A more aggressive bull case, backed by faster adoption by institutions and a stronger altcoin market overall, aims for $275–$300. This would indicate that SOL would have to take a significant amount of market share from Ethereum while still benefiting from the expected $3–6 billion in yearly ETF inflows.
$205, $220, and $250 are important levels of resistance to watch, while $190, $180, and $165 are levels of support. If prices break decisively over $205, it might lead to momentum-based purchasing and derivative market positioning that could quickly push prices up to the $240 level.
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