Key Highlights:

• The launch of the Bitwise Solana Staking ETF marks a significant step for Solana in mainstream finance.
• Analysts observe a bull flag pattern in SOL’s price movement, suggesting a potential increase exceeding 100%, targeting $412.

SOL, the native token of Solana, traded at $203 on Tuesday, reflecting a 14% rise from its recent low of $177. This surge is attributed to heightened interest surrounding the ETF launch scheduled for today.

First US-based Solana ETF Launch

The Bitwise Solana Staking ETF is set to debut on the New York Stock Exchange today under the ticker BSOL. This product is significant as it offers direct exposure to SOL along with a staking mechanism promising approximately 7% annual returns.

*“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.” — Bitwise (@BitwiseInvest), October 27, 2025

Eric Balchunas from Bloomberg confirmed the listing details on the NYSE, pointing out that Grayscale’s Solana Trust (GSOL) would transition to a spot ETF, providing another regulated method for investors to benefit from SOL’s rising price and staking profits.

The current approval landscape for crypto ETFs in the U.S. has faced challenges due to the federal government shutdown initiated on October 1.

*“Approved by the SEC, Bitwise’s $BSOL ETF has officially started trading today,” wrote analyst Bitcoinsensus on X. *“This represents a pivotal moment for Solana and the adoption of altcoin ETFs. The ETF gives investors seamless access to full staking features.”

This launch is expected to generate a rush of institutional investments in SOL, akin to the significant interest seen in the REX-Osprey Solana Staking ETF (SSK) which averaged $12 million in its first day of trading.

JPMorgan forecasts that the Solana ETF could attract between $3 billion to $6 billion in its inaugural year, based on trends noticed with Bitcoin and Ether ETFs.

Potential Surge in SOL Prices

Technically, SOL shows a bullish pattern suggesting a price climb towards $400 or higher. The bull flag pattern signifies continued growth following a strong upward movement, indicating a rally could ignite above the $205 resistance level.

With current estimates suggesting a target price of $412, this presents a potential gain of about 104% from current levels.

The analysts noted a positive shift in market momentum, with RSI rising to 53 from a previous 34 in mid-June, indicating strengthening buying pressure.

BitBull echoed similar sentiments, stating that for Solana, the critical buy level is at $280. A decisive breach above this level could prompt a substantial upward movement.

*“I foresee $400-$500 happening within this cycle,” asserts BitBull.

With reports suggesting that buyer dominance might facilitate SOL breaking through $220, there exists a possibility to rally towards $260 or more.

Disclaimer

This article does not provide financial advice. Always conduct personal research before making investment decisions.