Solana News Today: Solana ETFs Signal Crypto's Move Into the Mainstream, Surpassing Bitcoin

VanEck's

spot ETF is nearing its debut after the company submitted a Form 8-A to the U.S. Securities and Exchange Commission (SEC), a procedural move that generally occurs just before trading begins . This ETF, set to be listed as VSOL on the Nasdaq, will directly hold Solana (SOL) tokens and follow their value using the MarketVector Solana Benchmark Rate . The November 13, 2025 filing comes after an S-1 registration in October, indicating the product is in its final regulatory stage . With a total of 10 Solana ETFs now pending SEC review, VanEck’s application highlights the increasing institutional appetite for regulated exposure to Solana’s native asset .

The ETF’s design follows industry standards, steering clear of leverage and derivatives, but may allow the trust to stake some of its

assets, pending tax and regulatory assessment . This could appeal to investors seeking yield, though it also brings added risks from market swings and liquidity issues . VanEck’s move fits into a broader trend of crypto ETF launches, where being first to market has proven advantageous. Bitwise Asset Management, for example, introduced the first U.S. spot Solana ETF on October 28, attracting $420 million in its opening week and prompting rivals to speed up their own plans .

Interest in Solana ETFs has been strong, with spot offerings

since late October. Experts attribute this momentum to Solana’s growing ecosystem, including advances in decentralized finance (DeFi), non-fungible tokens (NFTs), and liquid staking solutions . Despite a short-term drop in DeFi total value locked (TVL), institutional investments in Solana-related products have remained robust, with over $421 million entering the sector in early November . This has driven SOL’s price close to $168, with traders watching for a possible surge past $200 .

The regulatory environment for altcoin ETFs is rapidly evolving. Bitwise’s high-profile launch during the SEC’s government shutdown period disrupted the usual approval process, leading competitors like Grayscale, VanEck, and Fidelity to pursue similar tactics

. Although the SEC has not yet officially approved or denied these ETFs, exchanges such as the New York Stock Exchange have authorized listings under revised rules that do not require direct SEC sign-off . This change has heightened competition among providers, with JPMorgan forecasting up to $14 billion in altcoin ETF inflows over six months, and as much as $6 billion potentially directed toward Solana products .

The surge in Solana ETFs presents both promise and risk. Greater institutional participation could boost liquidity and improve price discovery, but may also increase volatility in a market still facing broader economic challenges

. The imminent launch by VanEck, alongside Bitwise’s early entry, signals the growing mainstream embrace of digital assets beyond and . Still, clear regulations—especially regarding staking and taxation—will be crucial for sustained adoption .