Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs are scheduled to launch on Tuesday, October 28, 2025, according to Bloomberg ETF analyst Eric Balchunas. Additionally, Balciunas said that Glatscale’s Solana Fund will convert on Wednesday, October 29, 2025. This development marks the first round of ETF approvals. 2025. The US SEC has made history by approving several Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024. The list of cryptocurrency-based ETFs is even longer.
Will Solana rise after the ETF launch?
ETF inflows played a key role in pushing BTC and ETH to new all-time highs earlier this year. ETFs pave the way for institutional money to flow into the cryptocurrency industry. Institutional money is key to asset price movements. Solana (SOL) may also follow BTC’s pattern after its ETF debut.
Despite the bullish developments, Solana (SOL) price does not seem to be reacting to this news. Despite healthy weekly gains, SOL price has been flashing red on most time frames. According to CoinGecko’s Solana data, SOL rose 8% last week, but fell 1.1% in the past 24 hours, 2.5% on the 14-day chart, and 0.1% month-over-month.
The current lackluster performance can be attributed to weak market conditions resulting from global trade disputes and macroeconomic uncertainty. Solana (SOL) and the larger crypto market faced a massive correction following the trade dispute between the US and China. The market appears to be slowly recovering as both sides reported healthy negotiations and talks.
Markets remain fragile and could face further correction unless the global economy cools. If market participants continue to feel bearish, Solana’s ETF launch may not have the desired impact.