The Solana (SOL) blockchain, often referred to as the “Ethereum killer,” has put up strong competition against Vitalik Buterin’s creation. That is why the Happy Coin News editorial team decided to look into why, in 2026, hedge funds are favoring SOL over ETH.
The largest inflow was recorded by BSOL, a fund managed by Bitwise, which attracted $20.8 million. It was followed by GSOL from Grayscale with $976,370, and FSOL from Fidelity with $1.7 million. All three ETFs are traded on the New York Stock Exchange (NYSE).
Analysts at Santiment reported that the price of the cryptocurrency Solana is attempting to break through resistance at the $145 level. The positive outcome of this move will determine whether network growth resumes.
The cryptocurrency Solana (SOL) is approaching a critical inflection point as price action compresses into a structure with a narrowing apex. After an extended period of consolidation around the $122 support level on higher timeframes, the market is showing clear signs of compression rather than directional movement.
Investment firm VanEck has launched its Solana-based ETF on the Nasdaq exchange, giving institutional investors another way to gain exposure to the cryptocurrency market. Despite the major milestone, SOL remains under heavy pressure.
Solana Labs co-founder Anatoly Yakovenko stated that the blockchain he created, Solana, processes as many transactions in a single month as Ethereum has processed throughout its entire existence.
As of the last trading session on November 11, spot exchange-traded funds (ETFs) based on Solana attracted $7.9 million, marking the 11th consecutive day of positive inflows.
On Monday, November 10, U.S. spot SOL ETFs recorded their tenth straight day of net inflows. According to data from SoSoValue, total net inflows into Solana spot ETFs on Monday amounted to $6.78 million, with $5.92 million flowing into Bitwise’s BSOL and $854,480 into Grayscale’s GSOL.
Exchange-traded funds (ETFs) investing in Bitcoin and Ethereum have recorded capital outflows for the fifth consecutive day, while Solana ETFs have seen six straight days of inflows.
According to Matt Hougan, Bitcoin’s price could rise as the asset gains a larger share of the financial market segment focused on preserving capital rather than speculation or consumption.
Bitwise Chief Investment Officer Matt Hougan has explained why he’s bullish on Solana over the long term. According to him, this Layer-1 blockchain gives investors “two ways to win” — and both look highly attractive.
The launch of the Bitwise Solana Staking ETF (BSOL) attracted $69.5 million in inflows on its first trading day, yet Solana’s (SOL) price remained virtually unchanged.
Western Union (WU) has announced plans to launch the U.S. Dollar Payment Token (USDPT) and a Digital Asset Network in the first half of 2026. The USDPT stablecoin will be built on the Solana blockchain and issued by Anchorage Digital Bank.
A new wave of crypto ETFs may be hitting the market this week. Exchange-traded funds for Solana (SOL), Litecoin (LTC), and Hedera (HBAR) have appeared on U.S. exchange listings ahead of their scheduled launch on Tuesday.
The first American staking Solana ETF — REX-Osprey SOL + Staking ETF (SSK) — launched on July 2, 2025. Today, October 28, the Bitwise Solana Staking ETF (BSOL) joined it on the NYSE.
Hong Kong’s Securities and Futures Commission (SFC) has approved a spot Solana ETF, with ChinaAMC planning to launch the product on October 27, 2025. The Solana ETF will trade on the OSL exchange, becoming the first regulator-approved spot Solana ETF.
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