Based on Bloomberg ETF analyst Eric Balchunas, Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs will launch on Tuesday, Oct. 28, 2025. Furthermore, Balchunas acknowledged that Gratscale’s Solana fund will convert on Wednesday, Oct. 29, 2025. The event marks the primary spherical of ETF approvals for 2025. The US SEC made historical past in 2024 by approving a number of Bitcoin (BTC) and Ethereum (ETH) ETFs. The listing of crypto-based ETFs simply obtained loads longer.
Will Solana Rally After Its ETF Launch?
ETF inflows have performed a major position in BTC and ETH hitting new all-time highs earlier this yr. ETFs pave the best way for institutional cash to pour into the crypto panorama. Institutional cash is vital to an asset’s value motion. Solana (SOL) may additionally comply with BTC’s sample after its ETF debut.
Regardless of the bullish growth, Solana’s (SOL) value appears to not have reacted to the information. Regardless of a wholesome weekly rally, SOL’s value is glowing pink in most time frames. Based on CoinGecko’s Solana information, SOL has rallied by 8% during the last week, however is down 1.1% within the final 24 hours, 2.5% within the 14-day charts, and 0.1% over the earlier month.
The present lackluster efficiency is probably going attributable to a bearish market surroundings, arising from world commerce disputes and macroeconomic uncertainties. The Solana (SOL) and the bigger crypto market confronted a large correction after a commerce spat between the US and China. The market appears to be slowly recovering after each side reported wholesome negotiations and discussions.
The market remains to be fragile and will face additional corrections if the worldwide economic system doesn’t cool off. Solana’s ETF launch might not have the specified influence if the bearishness continues to loom over market contributors.
