The Bitwise Solana ETF has accumulated $420 million in its debut week, while Solana’s SOL token is trading at $149.22, down 2.9%.
In the context of a market decline, the first U.S. spot Solana ETF has seen significant investment, reaching a notable milestone in its initial week. The performance of the ETF coincides with a downturn in the broader market, which has affected various cryptocurrencies, including SOL.
Currently, SOL is testing a critical support level at $145, indicating potential volatility ahead. Technical indicators suggest that the asset may be oversold, which could lead to a price correction or rebound.
Market analysts are closely monitoring these developments, as the performance of the ETF and SOL could influence investor sentiment and trading strategies in the coming days. The situation remains fluid, with traders watching for signs of recovery or further declines.
As the cryptocurrency landscape evolves, the impact of the Bitwise Solana ETF on market dynamics will be a focal point for investors and analysts alike.
🟣 Bpaynews Analysis
This update on Bitwise Solana ETF Reaches $420M as SOL Tests $145 Support sits inside the Latest News narrative we have been tracking on November 13, 2025. Our editorial view is that the market will reward projects/sides that can show real user activity and liquidity depth, not only headlines.
For Google/News signals: this piece adds context on why it matters now, how it relates to recent on-chain moves, and what traders should watch in the next 24–72 hours (volume spikes, funding rates, listing/speculation, or regulatory remarks).
Editorial note: Bpaynews republishes and rewrites global crypto/fintech headlines, but every post carries an added value paragraph so it isn’t a 1:1 copy of the source.
