Can Solana price recover after dipping this week, even as VanEck’s new ETF opens another regulated path for investors?
Summary
- Solana price has pulled back sharply, trading well below levels seen a month earlier despite the launch of VanEck’s new ETF.
- The ETF includes fee waivers, staking plans, and institutional-grade custody, adding another regulated option alongside Grayscale’s earlier product.
- Analysts say Solana is nearing a support band that will determine whether the decline continues or stabilizes.
VanEck has launched its Solana ETF on Nasdaq, giving institutions another route into the Solana market at a time when the token is under pressure.
The fund opened on Nov. 17 with a seeded basket purchased at the end of October. It carries a unified expense structure, but VanEck will waive the sponsor fee on an initial slice of assets for a limited period.
The manager also plans to stake a portion of the holdings through external validators, and any staking rewards will accrue to the fund. The first staking provider has agreed to waive its fee during the waiver window, which may lift early net returns.
This is the second spot Solana (SOL) ETF to enter the U.S. market. Grayscale’s Solana Trust ETF, launched in October, recorded strong inflows in its opening days and quickly established a benchmark for Solana-linked products.
Grayscale charges a management fee but recently reduced its staking fee until the fund grows to a preset threshold, directing most of the staking yield to investors. The early performance of its fund reflects strong demand for regulated exposure to Solana.
Will Solana price stabilise?
The timing of the new ETF arrivals coincides with a sharp pullback in Solana price. The token has dropped well below levels seen a month earlier, extending a broader correction that began after its peak earlier in the year. At the time of this writing, SOL traded at $136, down around 18% over the last week.
Analysts now point to a nearby support band as critical; losing that level could move the market toward lower ranges. A recovery above a higher price threshold would indicate easing bearish momentum.
Even with the correction, analysts expect U.S. Solana ETFs to gather interest over time. Some initial projections indicated sizable combined inflows in the funds’ first year. Whether those forecasts hold will depend heavily on Solana’s price path.
A return to key support and a period of stability would help sustain demand. For now, the launch of VanEck’s ETF adds another regulated entry point for institutions as the Solana market moves through a volatile period.
