Wall Street has deepened its SOL exposure with $417 million committed to the new Bitwise SOL Staking ETF, adding conviction to bullish Solana price predictions.
Bloomberg ETF analyst Eric Balchunas highlighted the altcoin’s strong debut, noting that the BSOL led inflows for the week across ETPs, outperforming even Bitcoin and Ethereum-based spot ETFs.
BSOL offers a new touch point for U.S. investors to gain regulated access to SOL staking yields, a feature previously reserved for on-chain participants. This has effectively opened the floodgates for millions in fresh institutional capital entering the Solana ecosystem.
With SOL still awaiting its own spot ETF approval, BSOL’s success could signal the scale of pent-up demand ready to enter.
Grayscale Investments estimates that Solana ETPs could capture 5% of all SOL tokens within two years, representing over $5 billion in value at current prices.
Real institutional momentum is now flowing into Solana, and it’s starting on Wall Street.
Solana Price Prediction: Wall Street Could Spark the Next Major Rally
With the consensus among analysts expecting spot Solana ETF approvals this month, sidelined institutional demand could fuel an escape from a 7-month ascending channel.
The altcoin now tests a strong confluence of support and a potential launchpad setup, with the channel’s lower boundary meeting a historic demand zone at $175.
This zone also forms a descending triangle, now nearing its apex, creating a decisive moment for November’s price action.
Momentum indicators remain mixed. The MACD histogram has crossed below the signal line, a typical early downtrend signal, while the RSI sits near a historical bottom around 33, suggesting limited downside room.
Losing $175 could open the door for a 30% drop to $120, but holding it may prepare SOL for another breakout attempt.
The $300 level remains the key breakout threshold. A successful flip of that resistance into support could mark the start of a new uptrend, targeting $500 for a potential 185% gain.
Still, with Solana entering corporate balance sheets and institutional exposure deepening through spot ETFs, the rally could extend another 470%, pushing the Solana price toward $1,000.
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The post Solana Price Prediction: $417M Floods Into New Bitwise ETF – Is Wall Street Quietly Going All-In on SOL? appeared first on Cryptonews.
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