The price of Solana is holding at $200 as the inflow of Wrapped Bitcoin exceeds $1 billion, while Cyber Hornet registers an ETF including Solana futures.
Key notes
The price $SOL remains above $200, despite weakening volumes, driven by the inflow of Wrapped Bitcoin and ETF speculation.
WBTC supplies on Solana have exceeded $1 billion, marking the fifth consecutive month of growth.
Cyber Hornet is applying to register an ETF that combines Solana futures with S&P 500 stocks, signaling a gradual integration of cryptocurrencies on Wall Street.
The price of Solana (SOL) has managed to avoid closing below the $200 mark despite a significant decrease in trading volume. The influx of Wrapped Bitcoin issued on Solana for $1 billion and another important ETF application from the American company Cyber Hornet were among the key events contributing to Solana's sustained growth over the past weekend.
On Friday, the SolanaFloor news aggregator reported that it expects the supply of Bitcoin (WBTC) on Solana to exceed the $1 billion mark. According to a Dune chart published in the article, the supply of WBTC on Solana has shown five consecutive monthly growth spikes since May 2025.
This indicates that recent innovative updates to the network have made Solana one of the best destinations for investors seeking passive income from their BTC assets during market consolidation. If this positive effect from the active influx of funds from BTC holders played a key role in Solana's price, it managed to avoid severe drops below $200.
Execution of the Cyber Hornet ETF may trigger a delayed reaction in the price of SOL.
Inclusion of Solana in the listing of applications for the Cyber Hornet exchange-traded fund is yet another key event that may not have been fully taken into account before the official trading closed on Friday. Cyber Hornet Trust unveiled plans to launch three ETFs integrating S&P 500 stocks with exposure to crypto futures.
According to a submitted document to the SEC on September 26, one of the proposed instruments will allocate 75% of assets to stocks of large-cap U.S. companies and 25% to Solana futures. The fund provides indirect access to cryptocurrencies through contracts listed on the Chicago Mercantile Exchange (CME) and regulated exchanges.
In the case of ETF approval, it will be traded on Nasdaq, providing traditional investors with another diversified and regulated access to the Solana ecosystem.
Notably, Cyber Hornet Trust currently manages a similar ETF product — S&P 500 and Bitcoin 75/25 Strategy ETF (BBB), which as of September 26 has attracted net assets of $6 million.
The latest application complements the existing Cyber Hornet Bitcoin 75/25 ETF, signaling an intention to expand coverage to major altcoins.
If approved, the inclusion of Solana in the latest Cyber Hornet document once again underscores its preference among corporate investors, especially those seeking additional growth potential through yield.
Solana Price Forecast: Is a rise to $250 expected in the upcoming week?
At the time of publication, the price of Solana consolidated around $209 after holding at $200. However, technical indicators on the daily chart of SOLUSD show mixed signals.
The Keltner channel provides immediate resistance near the $216.98 mark, coinciding with the middle line. A breakout above this level could trigger momentum toward the upper channel boundary at $239.24. Conversely, the lower boundary of the channel at $194.72 remains a key marker for declines, and its failure to hold could lead to further drops.
The Volatility Stop (VStop) indicator is near the $215.24 mark, indicating that bulls need to regain this level to neutralize the ongoing bearish momentum. The Relative Strength Index (RSI) at 42.28 suggests that SOL remains in bearish territory but shows an upward trend, indicating a potential rally if demand persists.
Sustained support at $200 combined with a rise above $217 could pave the way for a rebound to $239. If bulls maintain dominance, a breakout above the upper boundary of the Keltner channel will confirm a target level of $250, especially if the influx of funds into WBTC and enthusiasm for the ETF support institutional interest.
On the other hand, failure to overcome resistance at $215 may lead the price of Solana to enter a prolonged correction phase toward $194.
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