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According to ChainCatcher, data from SoSoValue indicates that Solana spot ETFs have experienced a total net inflow of $53.08 million. The Bitwise SOL ETF (BSOL) recorded the highest single-day net inflow yesterday, amounting to $30.96 million, bringing its historical total net inflow to $514 million. Following this, the Grayscale SOL ETF (GSOL) saw a single-day net inflow of $15.97 million, with its historical total net inflow reaching $63.08 million. As of the time of reporting, the total net asset value of Solana spot ETFs stands at $888 million, with a net asset ratio of 1.15%. The cumulative historical net inflow has reached $621 million.

According to PANews, Franklin Templeton has filed an 8-A form with the U.S. Securities and Exchange Commission (SEC) for the Franklin Solana ETF. This filing is a crucial step typically taken just before the official launch of a product. Following the submission of such documents, trading often begins the next day.

According to ChainCatcher, data from Arkham reveals that at 05:44, a total of 43,300 SOL, valued at approximately $5.95 million, was transferred from the Fidelity FSOL ETF to an anonymous address beginning with 6zFkU.

According to ChainCatcher, data from Arkham indicates that at 15:26, a total of 20,445.4 SOL, valued at approximately $2.81 million, was transferred from Fireblocks to Wintermute.

According to ChainCatcher, a researcher from the Solana developer platform Helius, known as Lostintime101, proposed on November 21 to increase the annual reduction rate of Solana staking rewards from 15% to 30%. This measure aims to prevent the issuance of nearly $3 billion in new SOL tokens. The proposal highlights that the current annual reward rate of 6% is excessively high compared to Ethereum's 3%, leading to increased inflation and selling pressure, as some stakers need to sell tokens to pay taxes. A similar proposal in March this year received 61% support but failed to meet the 66.67% threshold required for approval. Opponents of the proposal are concerned that reducing rewards could harm decentralization by making validator nodes unprofitable. The number of Solana validator nodes has decreased by 64%, from 2,500 at the beginning of 2023 to less than 900 currently. The proposer estimates that only 84 validator nodes would become unprofitable in three years, suggesting a limited impact.

According to ChainCatcher, data from Arkham reveals that at 23:21, a total of 29,500 SOL, valued at approximately $3.86 million, was transferred from REX Shares to an anonymous address beginning with DW2DpE.

According to Odaily, SolanaFloor announced on the X platform that Solana's decentralized exchange (DEX) trading volume has surpassed all Layer 1 and Layer 2 chains for 14 consecutive weeks.

According to Foresight News, Glassnode has reported that Solana's price stands at $126.9, with approximately 79.6% of its circulating supply, or around 478.5 million SOL, currently in a loss position. This highlights the extent to which the market structure had become top-heavy prior to the recent contraction.

According to PANews, the Solana community has introduced a new governance proposal, SIMD-0411, aimed at significantly accelerating the network's deflationary timeline and reshaping the long-term economic model of the SOL token. The proposal seeks to increase Solana's annual deflation rate from -15% to -30%, reducing the time to achieve the long-term inflation floor from approximately six years to just over three years. Current projections suggest this change will decrease future SOL token issuance by over 22 million tokens, equivalent to nearly $3 billion at current market valuations, marking one of the most significant monetary policy adjustments in the ecosystem's history. Solana's existing token economic framework sets an annual inflation rate of about 4.18%, gradually decreasing to a final inflation rate of 1.5%. SIMD-0411 accelerates this process, establishing a faster trend of token issuance reduction. Proponents argue that this will improve supply-demand dynamics, support stronger price stability, and align Solana's economic model with the behavioral expectations of institutional investors entering the ecosystem. For a chain historically focused on growth, throughput, and incentive-driven expansion, this represents a shift towards a more scarcity-oriented design philosophy.

According to Odaily, data from SoSoValue indicates that during the trading week from November 17 to November 21 (Eastern Time), SOL spot ETFs experienced a net inflow of $128 million.The Bitwise Solana Spot ETF (BSOL) led the inflows with $86.31 million for the week, bringing its historical total net inflow to $444 million. Following this, the Grayscale Solana Spot ETF (GSOL) saw a weekly net inflow of $18.13 million, with a historical total net inflow reaching $42.44 million.As of the time of reporting, the total net asset value of SOL spot ETFs stands at $719 million, with an ETF net asset ratio of 1.01% compared to Bitcoin's total market value. The cumulative historical net inflow has reached $510 million.

According to Odaily, data from SoSoValue indicates that on November 21, Eastern Time, Solana spot ETFs saw a total net inflow of $10.58 million. The 21Shares SOL ETF TSOL recorded the highest single-day net inflow of $5.97 million, bringing its historical total net inflow to $7.17 million. Fidelity SOL ETF FSOL followed with a single-day net inflow of $2.97 million, with its historical total net inflow reaching $12.81 million. As of the time of reporting, the total net asset value of Solana spot ETFs stands at $719 million, with a Solana net asset ratio of 1.01%. The historical cumulative net inflow has reached $510 million.

Crypto ETP provider 21Shares launched its new Solana exchange-traded fund (TSOL) on Wednesday, debuting with over $100 million in assets under management despite a broader market downturn. The launch marks the fifth Solana ETF now trading in the United States and underscores continued investor interest in altcoin-linked products even as prices slump.What to Know21Shares’ new TSOL ETF launched with $100M AUM and a 21 bps fee.The ETF holds spot Solana (SOL) and will stake tokens to secure the network and earn rewards.Solana ETFs have now taken in over $2 billion in combined inflows.SOL prices are down 14% in the past week despite ETF interest.Analysts expect 100+ new altcoin ETFs to launch in 2026.TSOL Debuts with $100M AUM Despite Market Selloff21Shares confirmed that the TSOL ETF will hold spot SOL and stake its assets to earn protocol rewards — a feature that is rapidly becoming standard among Solana ETPs.Senior Bloomberg ETF analyst Eric Balchunas noted that TSOL’s debut came in strong:“21Shares is debuting its spot Solana ETF (TSOL) today… opening with $100M AUM.Solana ETFs have now taken in $2B as a group, with inflows basically every day — not bad considering the ‘extreme fear’ right now.”The launch comes only two days after VanEck introduced its own Solana ETF (VSOL), which also incorporates staking.2026 Positioned to Be a Breakout Year for Altcoin ETFsETF issuers and analysts say next year could bring an explosion of new altcoin-focused ETFs, potentially exceeding 100 new product launches, according to Bitwise CIO Matt Hougan.Hougan said growth in single-asset altcoin ETFs and index-based crypto baskets will be a major theme in 2026 as issuers capitalize on institutional demand and U.S. regulatory normalization.This aligns with 21Shares’ recent expansion, including its crypto index ETFs filed under the SEC’s ’40 Act.SOL Price Falls Despite Successful ETF LaunchesEven with strong ETF inflows, Solana has been caught in the broader market rout.SOL is down 14% over the past week, according to CoinMarketCap — a sign that ETF demand alone can’t offset macro pressure when liquidity dries up.Still, ETF performance remains impressive:Bitwise’s BSOL Sees Nearly $500M in 3 WeeksBitwise’s BSOL ETF, launched in October, attracted nearly $500 million in net inflows within its first three weeks, placing it among the most successful crypto ETF launches in U.S. history.Analysts Expect Billions to Flow Into Solana ETFsIn January, analysts at JP Morgan projected that Solana ETFs could attract billions of dollars in inflows and potentially outperform Ether ETFs during their first six months on the U.S. market.JP Morgan said both SOL and XRP ETFs have the potential to overshadow ETH ETP performance due to stronger retail momentum, staking yield advantages, and a more aggressive growth narrative.Investor Demand Grows Despite VolatilityThe success of the new TSOL ETF — launching during a week of intense selling pressure — highlights a key trend: investor appetite for altcoin ETFs remains resilient, even when crypto markets face macro headwinds.With combined Solana ETF inflows now exceeding $2 billion, analysts say Solana is emerging as one of the most institutionally embraced blockchains outside of Bitcoin and Ethereum.

According to BlockBeats, the 21Shares Solana Spot ETF has received official approval and is set to commence trading under the ticker symbol TSOL. The ETF will include a staking feature.

Key TakeawaysSOL holds above $137 as ETF inflows expand institutional exposureBullish momentum builds after a rebound from $130 weekly supportSpot and futures demand increases, with open interest rising 5%ETF Inflows Anchor Today’s UpsideU.S. Solana ETFs have now recorded 15 straight days of inflows, adding $8.26 million on Monday and bringing cumulative inflows to $390 million. Total net ETF assets now exceed $513 million, reflecting persistent buying pressure from institutions even as Bitcoin and Ethereum funds saw notable outflows last week.Source: BitwiseThis trend aligns with earlier surges, including $30 million in new-ETF inflows and Bitwise’s BSOL reaching $478 million AUM. This week, VanEck also launched its SOL staking ETF.  Technical Rebound from Key SupportSolana recently bounced from the strong $130 support zone, a level that previously triggered rallies of 108% and 98%. Short-term charts show a V-shaped recovery, lifting SOL from its recent local low.Momentum indicators are improving: the RSI has climbed to 50, reflecting stabilizing market sentiment. However, Solana remains under all major trend averages:Source: TradingViewThese levels highlight continuing overhead resistance, signaling that broader trend confirmation requires price strength above the $145–$160 region, especially the 20-day EMA near $160. On-chain and Derivatives Data Show Buyers ReturningDerivatives markets show growing bullish momentum:Futures open interest rose 5% to $7.3 billionFunding rates shifted positive at 0.0059%Net taker volume flipped positive, confirming increased spot demandOn-chain data also shows improving network activity, including an 18% rise in daily active addresses and a 9.1% increase in daily transactions, reinforcing the broader Solana network growth narrative. SOL Outlook: Key levels to watchSOL’s immediate challenge is breaking above the $145 resistance, which aligns with the upper boundary of the recent descending structure. A close above this level could target the $167–$170 zone, completing the V-shaped pattern.If momentum persists and SOL reclaims the 20-day EMA at $160, analysts note potential upside toward the $180–$200 range. A stronger rally toward $250—seen twice before from the same $130 support—remains possible but depends on maintaining ETF inflows above ~$20M/day, healthy spot demand, and stable macro conditions.

According to Odaily, Bitwise CEO Hunter Horsley announced on the X platform that the Bitwise Solana ETF (BSOL) has experienced daily inflows over the past three weeks. Since its launch, the total inflow of SOL has exceeded $580 million. As of now, BSOL has generated approximately 7,990 SOL in returns for investors.

According to Foresight News, on November 18, Fidelity Solana Fund (FSOL) and Canary Marinade Solana ETF (SOLC) were officially listed on the New York Stock Exchange and Nasdaq, respectively. This brings the total number of Solana spot ETFs trading in the United States to five. Data from SoSoValue indicates that on November 18, Solana spot ETFs saw a total net inflow of $30.09 million. On its first day of trading, FSOL recorded a net inflow of $2.07 million, with a trading volume of $8.58 million and a total asset value of $5.38 million. SOLC, however, did not see any net inflow on its debut, with a trading volume of $130,000 and a total asset value of $820,000. The Bitwise Solana ETF (BSOL) experienced the highest single-day net inflow of $23 million, with historical total net inflows reaching $388 million. As of the time of reporting, the total asset value of Solana spot ETFs stands at $594 million, with a Solana net asset ratio of 0.76% and cumulative historical net inflows of $420 million. The Fidelity Solana Fund allows for cash or physical redemption, with a management fee rate of 0.25%. It supports Solana staking for additional returns, with a profit-sharing ratio of 15% for both the manager and staking provider, while the remaining 15% goes to investors. The Canary Marinade Solana ETF also supports cash or physical redemption, with a management fee rate of 0.50%. It offers Solana staking for additional returns without charging extra profit-sharing fees.

Key TakeawaysSolana price drops 3.1% to $137.07, underperforming the broader crypto market’s 4.48% declineCrypto-wide sell-off accelerates losses, with $47M in SOL long and short liquidations in 24 hoursETF enthusiasm fades, as the new VanEck Solana ETF sees muted demand amid low staking rewards$47M Liquidated in SOL Long and Short PositionsMore than $1.01B in crypto liquidations was recorded over the past 24 hours, including $47.11M in SOL long and short positions.SOL’s 24h trading volume spiked 76% to $9.17B, a sign of intense panic-driven selling pressure.Source: CoinglassWith Solana’s high beta (3.5x Bitcoin volatility), sharp BTC declines tend to produce amplified downside moves in SOL. Adding to the pressure, the Crypto Fear & Greed Index plunged to 15 (Extreme Fear), reinforcing the risk-off mood. ETF Launch Fails to Boost SentimentThe long-awaited VanEck Solana ETF (VSOL) launched on November 17, the third U.S. SOL staking ETF. However, this launch did not ignite meaningful institutional demand.Grayscale’s Solana Trust saw outflows as staking rewards dropped to 5.8% APY, reducing yield appeal. Combined SOL ETF holdings sit at just $58M, a fraction compared to the $133B held in Bitcoin ETFs.In a push to gain market share, VanEck has waived its 0.3% management fee until February 17 or until the fund amasses $1 billion in assets. Technical Indicators Confirms Bearish MomentumSOL breached the $134.11 support, reinforcing a downward trend. Market dashboard data shows strong bearish alignment across indicators and moving averages.OscillatorsRSI (14): 32.83 — weak momentum, approaching oversold.Stochastic %K (9.62), CCI (–123.57), and Momentum (–21.21) — showing tentative signs of stabilizing demand, but not enough to shift trend.MACD (12, 26): –14.50 — strong bearish momentum signal.Moving Averages (Bearish)Every key moving average reflects negative trend direction:Source: TradingViewSOL also trades far below the 200-day SMA ($180.16), a major long-term trend gauge.The death cross (50-day crossing below 200-day) reinforces medium-term weakness.With RSI at 27.54 recently hitting oversold territory, SOL risks retesting the swing low at $129.02. SOL Outlook: Key Levels to WatchSolana continues to gradually slide toward major support at $126, indicating that selling pressure dominates rebounds.Support Zones$134.11 — broken pivot$129.02 — recent swing low$126 — major support; break could expose $115$95 — deeper downside target if panic selling persistsResistance Zones20-day EMA at 156.31 — likely to attract renewed selling pressure50-day SMA at 185.25 — key level where bears may attempt to reject upsideFibonacci 23.6% retracement at $187 — strong resistance areaA sharp rejection from the 20-day EMA increases the probability of retesting $126.Alternatively, a close above this level would signal solid demand at lower prices, allowing a rebound toward the 50-day SMA ($186).

According to Cointelegraph, VanEck has introduced the United States' third exchange-traded fund (ETF) featuring Solana staking, marking a significant development as more altcoin-tied funds are anticipated to enter the market soon. The VanEck Solana ETF (VSOL) made its debut on Monday, joining the ranks of similar funds from Bitwise and Grayscale, which launched in late October and have collectively attracted over $380 million in inflows. VSOL, like its counterparts from Bitwise and Grayscale, offers staking yields by locking Solana (SOL) on the blockchain to earn rewards. In a strategic move to compete, VanEck has waived its 0.3% fee until February 17 or until the fund reaches $1 billion in assets. This surge in crypto ETFs follows the Securities and Exchange Commission's decision in September to amend its listing standards, facilitating faster approvals without the need for individual fund assessments. Bloomberg ETF analyst Eric Balchunas noted on Monday that the Fidelity Solana ETF (FSOL) is set to launch on Tuesday, entering a competitive landscape with three existing funds that impose a 0.25% fee. Balchunas highlighted Fidelity's position as the largest asset manager in this category, with BlackRock opting not to participate. In addition, Balchunas mentioned the potential launch of a Dogecoin (DOGE) ETF from Grayscale on November 24, following an amended regulatory filing earlier this month. This filing initiated a 20-day period during which the ETF can launch if the SEC does not respond. The Grayscale Dogecoin Trust (DOGE) is a conversion from its existing fund and would trade on the New York Stock Exchange, pending the exchange's filing to list the ETF. Balchunas expressed optimism about the launch, stating, "We'll see, won't be 100% till exchange notice, but based on SEC guidance, it looks good." If Grayscale's fund launches next week, it will be the first Dogecoin ETF in the U.S. capable of directly holding the memecoin. Asset issuers REX Shares and Osprey Funds jointly launched a DOGE ETF in mid-September, registered under the Investment Company Act of 1940, which restricts its investment to a wholly owned offshore subsidiary holding the cryptocurrency. Bitwise may also see its spot Dogecoin ETF launch late next week, following a regulatory filing change on November 6 that triggered a 20-day launch timer, unless the SEC intervenes.

According to Foresight News, Bloomberg's senior ETF analyst Eric Balchunas announced via Twitter that Fidelity's new spot ETF, the Fidelity Solana Fund (FSOL), is scheduled to launch tomorrow, November 18, Eastern Time. The fund will have a management fee of 0.25%. This ETF tracks the Fidelity Solana Reference Index (FIDSOLP) and includes staking rewards from SOL.

According to Odaily, data from SoSoValue indicates that during the trading week from November 10 to November 14 (Eastern Time), SOL spot ETFs experienced a net inflow of $46.34 million. The Bitwise Solana Spot ETF (BSOL) led the inflows with $33.97 million, bringing its historical total net inflow to $358 million. The Grayscale Solana Spot ETF (GSOL) followed with a weekly net inflow of $12.37 million, reaching a historical total net inflow of $24.32 million. As of the time of reporting, the total net asset value of SOL spot ETFs stands at $541 million, with an ETF net asset ratio of 0.64% compared to Bitcoin's total market value. The cumulative historical net inflow has reached $382 million.