important notes
- Bitwise’s BSOL dominated early Solana ETF adoption with $152.5 million in assets, accounting for 98% of total product inflows since launch.
- Solana blockchain garners $152 million in daily stablecoin supply growth, surpassing Ethereum’s $140 million, indicating solid liquidity expansion.
- For Grayscale’s project, the Solana ETF could absorb 5% of the total token supply within two years, implying a holding of $5 billion at its current valuation.
Solana
sol
$186.6
24 hour volatility:
0.4%
Market capitalization:
10.315 billion dollars
Vol. 24 hours:
$5.00B
Prices rebounded 2% to $190 on Friday, October 31st, helped by improved sentiment surrounding the US-China trade talks. Market data shows that Solana ETF inflows are starting to impact on-chain activity, marking a key moment for the asset’s institutional adoption story.
The Solana ETF, which began trading on Oct. 28, had more than $155 million in total inflows in its first three days, according to data from FarsideInvestors. Bitwise’s BSOL leads the market with $152.5 million, while Grayscale’s GSOL dominates SOL worth approximately $2.2 million at the time of writing.
Solana ETF Net Inflows as of October 30, 2025 | Source: FarsideInvestors
After selling news briefly pushed the stock down to $179 on Thursday, Solana price now appears to be reacting to the direct liquidity effects of these institutional inflows.
🚨New: @Solana It leads all chains in net stablecoin inflows in the past 24 hours. pic.twitter.com/hXoMcLdevB
— Solana Floor (@SolanaFloor) October 31, 2025
Further supporting this sentiment, data from the Solana analytics hub Solana Floor reveals that Solana currently leads all layer 1 blockchains in stablecoin supply growth. According to Artemis data cited in the report, Solana’s stablecoin supply increased by $152 million in 24 hours, surpassing Ethereum’s $140 million. Polygon and Plasma followed closely behind, at about $22 million each.
This surge in stablecoin inflows reflects the correlation between ETF inflows and new stablecoin deposits into Solana. Increased market liquidity can increase price stability during widespread market turmoil.
Grayscale CEO expects Solana ETF to reach $5 billion in 2 years
The virtual currency market remains unstable, and Bitcoin
BTC
$110094
24 hour volatility:
0.1%
Market capitalization:
$2.20 trillion
Vol. 24 hours:
$5.005 billion
Intraday gains remained below 2% as bulls struggled to maintain momentum above $110,000. However, with ETF inflows and rising stablecoin liquidity, Solana’s position looks increasingly resilient.
Zack Pandle, head of research at Grayscale, sees significant growth potential in Solana’s new public offering. He told DL News that Solana could mirror the adoption trajectory seen when Bitcoin and Ethereum entered the regulated ETP market.
Pandl explained that approximately 5% of the total supply of Solana tokens could be absorbed within one to two years. At current valuations, this projection means Solana ETF holdings will exceed $5 billion, a 3,000% increase from its current holdings of $155 million.
Solana Price Prediction: Bullseye rallies towards $210 resistance
Solana’s price trend stabilized around $186.50, rebounding from weekly lows around $179. The chart shows that the price is consolidating within the midband of the Keltner Channel (KC 20), with upside resistance near $218.89 and downside support at $170.29.
The Relative Strength Index (RSI 14) currently stands at 44.43, indicating mild bearish momentum but significant scope for an upside recovery. Meanwhile, the MACD histogram has started showing light green bars, indicating that the momentum could head towards the positive zone if the buying volume increases.
Solana (SOL) technical price analysis |Source: TradingView
If Solana can sustain a daily close above $194.50, bulls could focus on a rally above $210, which would be in line with the Keltner ceiling and previous local highs. A break above this level would validate the bullish streak and could pave the way to the next target of $240.
Conversely, failure to defend $180 could trigger a retest of the $170 support base and invalidate the short-term bullish setup.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
Ibrahim Ajibade is an experienced research analyst with a background supporting various Web3 startups and financial institutions. He holds a Bachelor’s degree in Economics and is currently studying for a Master’s degree in Blockchain and Distributed Ledger Technology at the University of Malta.
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