Solana Price Rises 1% as 21Shares Files for SOL ETF, Cboe Approves

Solana’s price rose more than 1% in the past 24 hours to trade at $139 as of 4 a.m. EST, on a 38% drop in daily trading volume to $5.7 billion.

This slight rise in SOL price comes as 21Shares, a leading cryptocurrency asset manager, officially filed its prospectus for a new Solana spot ETF in the United States. Additionally, the Chicago Board Options Exchange (Cboe) has already approved the registration and listing of this fund.

🚨JUST IN: The SEC website shows that @Cboe the stock exchange approved the listing and registration of the @21shares Solana ETF, paving the way for its launch tomorrow. pic.twitter.com/GkSGJdp8Za

– SolanaFloor (@SolanaFloor) November 18, 2025

This means the ETF could begin trading almost immediately, providing institutional investors with an easy way to buy and hold SOL without directly owning the coins themselves. This new ETF comes with a low management fee of 0.21%, which is very competitive compared to other crypto funds.

🚨 ANOTHER $ SOL ETF LIVE! 🚨

🔥 LOYALTY $FSOL THE ETF LAUNCHES NOVEMBER 18! 🔥

📉 MANAGEMENT FEES: 0.25%#GROUND #Loyalty #FSOL #CryptoETF #Solana #Crypto #WorldNews #CryptoMarket pic.twitter.com/lz7Hi76MVg

– Crypto News Hunters 🎯 (@CryptoNewsHntrs) November 18, 2025

Alongside 21Shares, companies like Fidelity, VanEck and Canary Capital have also been pushing to bring Solana ETF products to market, showing strong and growing interest even as prices fluctuate.

Institutional flows into Solana also continue to grow, with money coming from digital asset treasuries and traditional financial firms. Timing is crucial: Solana’s market cap is still much smaller than Ethereum’s, so even moderate investment can drive the price up quickly.

Recent ETF launches elsewhere, such as the futures-based Solana ETF in July, have already shown that demand for regulated exchange-traded products is strong.

Solana’s On-Chain Metrics Show Their Strength

A recent report confirms that Solana now leads Ethereum in weekly decentralized exchange (DEX) trading volume. Currently, it stands at $29 billion, up from $15.9 billion for Ethereum earlier this month.

The network processed more than 543 million transactions in a single week, an impressive number that highlights Solana’s scalability capabilities.​

Upgrades like Firedancer and Alpenglow make transactions faster and cheaper than ever, helping Solana stand out among blockchain competitors. At the same time, network fees remain extremely low, attracting both retail and institutional users.

Additionally, wallet and address activity also continues to increase. More and more holders are choosing to move their coins from exchanges to personal wallets, demonstrating long-term trust. Staking participation is also increasing, showing that the community and investors believe in the future of Solana.

Number of active SOL addresses Source: Glassnode

These trends reduce immediate selling pressure and add stability, even if short-term pullbacks occur.

Despite recent market volatility, institutional flows are visible on-chain. The new treasury and ETF products are expected to push these indicators even higher, supporting the idea that Solana price could react strongly if new funds arrive in the coming weeks.​

Solana Price Prediction: SOL Analysis Indicates a Turning Point

Solana price action recently fell below key support levels on the 50-day and 200-day simple moving averages (SMA). The 50-day SMA stands at $183.91, while the 200-day SMA stands at $180.03.

SOLUSDT analysis source: Tradingview

The RSI (Relative Strength Index) is low at 35.20, close to oversold territory, suggesting that sellers have taken control and conditions are ripe for a rebound if buyers step in.

The MACD indicator is negative, a sign that the current trend is still down, although these conditions could quickly reverse if momentum improves.​​

The SOL price chart also shows that a “cup and handle” pattern has formed, a classic bullish pattern. However, the price pulled back instead of surpassing the resistance near $295.83, which now serves as a ceiling for further gains.

Solana price set for potential reversal if bulls break key resistance

To turn positive, Solana price must regain the 50 and 200 day moving averages. If buyers manage to push the price above $180, it could result in a return towards the $230 and $295 levels.​

Immediate support lies near $95.26, which is the recent low. If Solana price declines further and does not hold above this zone, traders could look for a new base before buyers return. On the upside, any strong moves by institutional buyers could quickly reverse the technical situation and send Solana price towards the target shown in the chart.

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