Solana (SOL) launched two ETFs this week. Bitwise’s BSOL ETF went live on Tuesday, and Grayscale’s GSOL ETF went live the following day, Wednesday. Bloomberg ETF analyst Eric Balchunas covered X and said BSOL was the largest ETF ever in 2025, with $56 million in inflows. However, despite the big launch, SOL’s pricing continues to struggle. According to CoinGecko data, SOL is down 1.2% on the daily chart, 0.4% on the 14-day chart, and 7.8% month-on-month. SOL registered slight gains on the weekly and annual charts, rising 1.8% and 7.9% respectively.
Why hasn’t Solana gone up despite two ETF launches?
It is surprising to see the lack of positive price movement for Solana (SOL). In addition to acquiring two ETFs this week, the Fed cut interest rates by another 25 basis points. Both developments ideally should have led to higher prices.
Federal Reserve Chairman Jerome Powell’s economic warnings may have scared investors away from Solana (SOL) and other crypto assets. Powell said that despite the rate cuts, slowing economic growth and rising inflation could be major challenges. Add to that the ongoing trade dispute, and you’re creating a not-so-great market environment for risk assets.
Solana (SOL) may be following the trajectory of Ethereum (ETH). Although the SEC approved several ETH ETFs last year, the asset did not see significant price increases until early this year. SOL may be preying on broader market bearishness and could break out once the situation calms down. Solana (SOL) is one of the most resilient cryptoassets on the market. Many expect the asset to reach new highs if market conditions improve. SOL is currently down 34.5% from its all-time high of $293.31 hit in January of this year.
(Tag translation) Solana
