- VanEck filed final Form 8-A signaling a Solana spot ETF could launch within days.
- Solana ETFs saw 13 days of inflows showing strong institutional investor demand.
- SOL price dropped to around $143 while ETFs continue attracting long term accumulation.
VanEck has submitted its final Form 8-A with the U.S. Securities and Exchange Commission for a spot Solana ETF. This filing usually appears shortly before a new fund launches. Analysts suggest the ETF could go live within days if approved. The submission indicates VanEck’s readiness to provide U.S. investors access to Solana exposure.
The filing follows an amended S-1 submitted last month. The S-1 outlined a 0.30% management fee and detailed Solana staking strategies. It also described SOL strategies to manage staking operations and generate yield for the fund. This step marks the final stage before the ETF becomes tradable.
Solana ETF Inflows Continue
Existing Solana funds have seen 13 consecutive days of inflows. Data from SoSoValue showed $1.49 million in new investments on Thursday. Bitwise’s BSOL led inflows, while Grayscale’s funds recorded no new contributions. Combined net inflows to active Solana ETFs now exceed $370 million since BSOL launched on October 28.
Close to $200 million entered the funds in the first week of trading. Thursday recorded the lowest inflow day so far, but the streak surpasses earlier forecasts. Institutional investors view Solana ETFs as a high-beta complement to Bitcoin and Ethereum funds. This gives them targeted exposure to Solana’s ecosystem.
SOL Price Trends and Market Activity
Despite ETF interest, SOL prices have weakened. The token traded around $143, down 6% for the day. Its market capitalization remains high at $79 billion. Grayscale has begun options trading for its Solana Trust ETF (GSOL), expanding advanced trading opportunities for institutions. Last year, Grayscale filed a proposal with the SEC for a Solana spot exchange traded fund (ETF).
SOL’s price has fallen from $190 to roughly $140, testing the willingness of ETF investors to accumulate during dips. Over 24 million SOL are held by treasury companies and ETFs combined. ETF investors may still tap staking yields reaching up to 7.7%.
Crypto ETF Market Expansion
The push for new crypto ETFs continues into Q4, despite government shutdowns. Solana has emerged as one of the most notable assets. Four ETFs are currently active, and ten more await approval. Solana ETFs have maintained inflows for 12 consecutive days, unaffected by outflows in Bitcoin and Ethereum. Moreover, VanEck earlier filed for a new ETF backed by JitoSOL , which gives investors access to Solana staking without locking funds.
ETF buying reflects both initial market interest and ongoing institutional accumulation. Analysts note this activity may be a significant source of liquidity for Solana. The ecosystem also supports staking and liquid staking tokens, potentially boosting its role as a reserve asset.
