- Solana’s new BSOL spot ETF recorded $72 million in trading volume on its second day
- Western Union is building its very own USDPT stablecoin choosing Solana over XRP Ledger
- Solana network also hit a 39-week high on weekly stablecoin transfer volume, signaling high utility
It’s only midweek, but Solana (SOL) has already delivered one of its strongest performance streaks of 2025. The blockchain has seen a string of announcements that could redefine its position in the crypto market.
Multiple Solana-based ETFs launched on Wall Street with record inflows, Western Union building its USDPT stablecoin exclusively on Solana, and the Solana network hitting a 39-week high on weekly stablecoin transfer volume.
Related: Grayscale Launches Solana Trust ETF with Staking Rewards on NYSE Arca
ETFs Bring Solana to Wall Street
The week began with the debut of the first-ever spot ETFs for Solana, Litecoin, and Hedera. Leading the charge was Bitwise’s Solana Staking ETF (BSOL), the first U.S. exchange-traded product to offer 100% direct exposure to spot SOL.
BSOL also maximizes Solana’s average staking rewards of over 7%, targeting full staking of all assets while waiving management fees for an initial period. On its first day, BSOL traded $56 million far outpacing HBR ($8 million) and LTCC ($1 million).
By the second day, BSOL’s trading volume surged to $72 million, with $282 million in assets under management.
Institutional Money Eyes Solana
Bitwise’s new ETF allows institutions to gain on-chain yield exposure through staking, something previously limited to individual crypto investors. Earning a 7% yield on large capital allocations makes Solana’s ETF particularly appealing to funds and banks entering the space.
Western Union’s decision to build payment systems directly on Solana further strengthens the blockchain’s utility and credibility. Combined with the record stablecoin transfers exceeding half a trillion dollars, Solana is showing both adoption and scalability at institutional levels.
Related: Analyst Says Solana’s Western Union Win Reveals “Immense Insecurities” About XRP
Solana Price Analysis
Solana’s price is showing strength again, trading close to the important $190 to $200 range. This area has acted as both support and resistance in the past.
If Solana can close and hold above $200, it would signal a short-term bullish trend, with possible targets near $229 and $230. Staying above this zone could set the stage for a move toward $250, while falling below $190 might bring short-term pressure.
Solana has also benefited from a broader crypto rebound, with Bitcoin and Ethereum showing similar trends. If market sentiment stays upbeat, Solana could continue climbing in the days ahead, supported by its growing institutional interest and strong on-chain activity.
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