Solana moved deeper into an important phase this week as market activity combined with new regulatory filings to reshape expectations around institutional demand. Van Eck signaled that its Solana spot ETF launch may be close after submitting an 8-A form to the U.S. Securities and Exchange Commission.
The filing followed its S-1 form from late October and showed that preparations for the fund continue despite recent volatility. The broader ETF market also stayed active through the U.S. government shutdown period, which kept investor focus on Solana as one of the few assets with rising interest.
VanEck Pushes Ahead as Solana ETF Segment Expands
VanEck’s new filing arrives in a market where Solana has rapidly become a core theme for ETF issuers. Four Solana-linked funds already trade, while around ten more still wait for regulatory approval. Together, they continue to attract fresh capital, even as Bitcoin and Ethereum products record net outflows.
Source: Farside Investors
According to sosovalue data for 13 straight sessions, Solana ETFs have booked net inflows, without a single day of net redemptions since launch.Combined flows now stand near $369 million, with around $18.1 million added over the past day. However, ETF market values remain under pressure because the underlying SOL price has retreated over recent months.
Activity is not limited to U.S. products. Grayscale’s GSOL ETP also records heavy trading, despite losing roughly 30% during the past month. Since BSOL began trading on October 28, net flows into the two active Solana funds have reached about 370 million dollars, with nearly 200 million dollars arriving during the first week.
Solana Price Drops as On-Chain Levels Tighten
Solana traded at $138.50 as of press time after an 11% daily drop as broader market weakness weighed on short-term sentiment. On-chain signals also pointed to a fragile setup.
Ali Martinez said that support weakens sharply below $144, showing almost no demand until the distant $24 zone. His URPD analysis revealed heavy realized volume between $150 and $180 and a final support pocket at $144.54.
Moreover, Cryptorphic highlighted a five-year trendline that now sits under direct pressure. Price hovered near $142 and approached the stronger support band at $125–$135.
Source: X
This area has anchored the entire recovery since 2020. A rebound here may send price toward $196 and $249. However, a weekly close below $135 may expose deeper weakness toward $93. The current reaction will guide Solana’s long-term structure and shape its position in the ETF-driven market cycle.
Source: https://coinpaper.com/12361/van-eck-solana-etf-set-for-launch-as-sol-tests-five-year-trendline
