The price of the Solana SOL cryptocurrency is down over 12% this week. With the US government shutdown finally over, investors are hoping for an improved crypto and stock market to come soon, after almost a month of top assets trading in the red. SOL, being one of these assets, needs a spark to rescue it from 6-month lows. Could the next wave of approved Spot Solana ETFs be that catalyst?
At press time, Solana (SOL) seems to be facing some resistance at the $140 price level. However, the asset started 2025 with a bang, hitting an all-time high of $293.31 on Jan. 19. While the asset has remained above the $110 price level and seen sporadic success in 2025, 2024 still proved to be the better-performing year. Fortunately, something that 2024 lacks that 2025 and 2026 will have is the presence of SOL ETFs.
Six new spot Solana ETFs have gone live, each offering unique exposure models. 21Shares’ new spot ETF is live, following its Cboe approval and a competitive 0.21% management fee. Fidelity also entered the market with FSOL on NYSE Arca, including a staking component. The ETF quickly positioned Fidelity as the largest traditional manager offering a SOL product. Further, VanEck, Canary Capital, Bitwise, and Grayscale now round out the ETF lineup.
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This sharp split between price action and capital flow has turned SOL into one of the most-watched tokens in late 2025. There have been points this year where SOL has been the best-performing cryptocurrency on the market, not by value, but by daily chart growth. Its consistency has made SOL one of the best bets on the crypto market, and it is one of the hopeful factors that can help it pick back up in price.
Furthermore, the $130 price point is a crucial level for Solana (SOL). Dipping below $130 could pull the asset to around $100-$105, a level last traded at in April of this year. Dipping below $100 would spell serious trouble for Solana (SOL). The asset has not traded below $100 since January 2024.